VAT Services

ELFS combines best practice shared services solution design with its knowledge of the complexities in the NHS.

We always aim to deliver a suite of services tailored to the clients need. Client service requirements can be individually selected from the ELFS services menu. A summary of the key services included in the Service Level Agreements and how to access the Framework are listed below.

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ELFS provide checking and reconciliation routines to ensure accurate reporting and timely recoveries:

  • VAT returns completed and submitted to HMRC
  • Internal VAT specialist for queries and advise
  • Monthly checking and control of items both under claimed and over claimed
  • EU adjustments calculated
  • Co-ordination of reviews by both our in house consultants and other external consultant organisations
  • Year end deadline co-ordination to ensure minimal loss of VAT reclaims due to items not complete under the amended regulations
  • Correction of COS coding errors identified
  • Info provided for HMRC compliance visits. Visits can be held at ELFS
  • Monthly VAT control accounts reconciliations
  • Reversal of ‘out of time’ postings to ensure compliance upheld
  • All necessary postings to ledger completed
  • Capital analysis provided by external VAT consultants for claim by ELFS
  • Liaison with both internal and external auditors providing information where necessary