Provision of Indirect Tax and VAT Review Services to Newcastle upon Tyne Hospitals NHS Foundation Trust

About

The Newcastle upon Tyne Hospitals NHS Foundation Trust awarded a contract to BDO LLP for indirect tax services, including service reviews of invoices to identify under/over claims of VAT, coverage of business activities and partial exemption calculations, assistance in moving to a timely basis for Business Activities and partial exemption procedure, review of accuracy of Output VAT on Income activities, staff training, and provision of VAT query support to identify additional savings.

The contract, valued at £21,500, involves reviews on an adhoc, quarterly, and annual basis, with the Trust processing approximately 21,000 Sales Ledger invoices and 230,000 Purchase Ledger invoices per annum via its eFinancials system.