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Contract Restructuring

01 Contract Restructuring

Contract Restructuring

Kingscrest VAT recovery deals with retrospective claims for the period ending 2002; Contract Restructuring deals with the VAT you absorb on costs incurred now and in the future. It relates to VAT that your care home business suffers on profit and loss items, as well as capital items, and in certain circumstances may also involve the recovery of VAT incurred over the last 4 years, and in the last 10 years in respect of Capital Goods Scheme qualifying items.

We work with you to assist in the restructuring of your business to minimise any impact on existing operations, whilst using our extensive experience of dealing with local authorities and clinical commissioning groups (CCGs) to assist with the introduction of VAT to the fees you raise to these organisations. We handle all aspects of the group VAT registration application necessary to HMRC, including full disclosure of the restructuring of the business and the resultant impact upon the VAT liability of the supplies that you make.

The Opportunity

  • Restructuring your organisation will lead to an advantage for your business with the potential to improve your bottom line by up to 20%
  • Centralising local authority and CCG contact allows meaningful and effective negotiations to take place which will help to improve the efficiency of the process
  • VAT may be recovered on normal trading expenditure items and also capital items (with the potential for retrospective recovery for P&L items and Capital items subject to circumstances and Capital Goods Scheme conditions)
  • Assists with cash flow for up to 3 months
  • Support throughout restructuring and ongoing thereafter
  • CQC compliant
  • Is available to both commercial and not for profit care home providers
  • We hold strong working relationships with relevant contacts at the local authorities, NHS Trusts and CCGs

For more information, please contact a member of our team to arrange a suitable appointment to discuss this opportunity in greater detail.

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