How to maximise your VAT reclaims

Armstrong, Faye
November 2007
GP: General Practitioner;11/23/2007, p53
The article discusses how to calculate general practitioner's (GP) value added tax (VAT) reclaims. It is stated that in order to calculate this VAT-able income, the practice must first split off the VAT-exempt administered drugs. When the drugs are reimbursed by the Prescription Pricing Division (PPD) of the National Health Service of Great Britain, the statement shows the VAT allowance on administered drugs. GPs can use any method of apportionment that gives a fair result.


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