Giving National Care Forum (NCF) members access to vital VAT expertise in these unprecedented times, the NCF and Kieran Lynch & Co are pleased to announce that they have entered into a partnership.
The COVID19 pandemic has stretched many care providers’ resources to above and beyond capacity; as well as battling with the day to day challenges of providing a quality service while ensuring the physical safety of all involved, there are the back end administrative stresses of keeping abreast of the latest financial legislative changes.
This partnership will provide NCF members essential support to fully understand the complexities of VAT, and ensure that they are aware of how recent legislative changes impact on their services.
Kieran Lynch & Co are a specialist VAT firm focused on the healthcare sector, and have been working in the NFP sector for over 10 years. They have extensive knowledge of the VAT regime and to date, they have returned over £40M in benefits back to care providers.
The NCF works directly with not for profit providers of care and support services across the UK, supporting members to improve social care provision and enhance the quality of life, choice, control and well-being of people who use care services. It is dedicated to representing members and voicing member concerns to the decision makers at all levels.
Jock Waugh, Director – Kieran Lynch & Co said: “This sector has shouldered a huge responsibility in the battle with this recent crisis and that has come at a significant cost. We are able to support that effort by working to add savings on care services by restructuring the VATable status of supplies which provides not only cashflow benefits but
also impacts on valuations and funding opportunities. We’re delighted to move our long standing relationship forward with the NCF and bring these benefits to members across the sector.”
NCF Executive Director, Vic Rayner said: “The financial pressures on our members during this Covid 19 Pandemic have been like never before. It is vital that care providers ensure every available resource is dedicated towards the front line. With that in mind; our partnership with Kieran Lynch will ensure all members are aware of some of the
recent legislative changes which change the way in which VAT is applied to care, and where possible they can free up essential funds to further the provision of great care.”
For more information on Kieran Lynch visit https://www.nationalcareforum.org.uk/kieran-lynch-cocare-sector-vat-specialists/