By Tamara Habberley, Senior VAT Consultant, The VAT People
VAT is an incredibly complex aspect of business to calculate, leaving many businesses in differing sectors and of varying sizes tempted to sweep it under the rug. Care and nursing homes in particular often view the matter of VAT as irrelevant after a change in legislation exempted care home providers from VAT altogether.
However, to believe that this means care homes no longer have to worry about VAT in any way, shape or form would be untrue. Here, we explore VAT for care homes, looking at significant considerations operators need to make in order to ensure they are fully compliant with HM Revenue & Customs (HMRC) regulations.