Why NHS SBS? Apart from the fact that we knew them well and that they were already delivering F&A successfully for us, the key factor was that NHS SBS is staffed with existing NHS payroll and pensions people. This reassured us that we would have continuity of skills and expertise built up over many years with staff well versed in the specific knowledge required to deal with NHS payroll matters.
Michael White, Assistant Director of Finance, Worcestershire Acute Hospitals NHS Trust
Is your organisation missing out on recovered VAT? At NHS SBS we have been able to achieve substantial savings of around £8m per month in VAT recovered on behalf of client trusts. This amounts to more than £100 million so far in the last year and we expect this to increase as we continue to automate our processes.
Our VAT experts provide specialist advice on all aspects of VAT and preparation of VAT returns through timely VAT checking (e.g. daily or monthly, not as a backend audit). Our comprehensive range of standard VAT services is complemented with optional, added value services that can be commissioned on an ad hoc basis.
Enhanced support with VAT+
Our experience VAT team has worked in partnership with a number of NHS SBS clients to develop an enhanced service known as VAT+ that aligns closely with the unique VAT needs and challenges of the NHS.
VAT+ enables NHS organisations to fully manage VAT in their businesses on a day-to-day basis and to significantly improve cash flow via our rapid VAT recovery process. The wholly flexible VAT+ service can be can be deployed as a complete solution, as individual services, or tailored to fit using multiple combinations of services to suit your needs. We also offer training services to ensure you get best value from the service.