270423 PCN VAT webinar

The LMC hosted a webinar on PCN VAT matters on Thursday 27th April 2023, as we have received a number of enquiries relating to the implications of VAT within their PCN from members.

The BMA originally published ‘ VAT Implications of Primary Care Network Funding Structure Lead Provider Model’  guidance, which was written by Larkin Gowen a recognised medical accountancy firm and whilst this document is now slightly out of date, they have agreed to deliver a webinar to update members on this specialised topic.

The agenda covered the following topics:

• Key tax and accounting implications
• VAT exposure
• Potential incorporation

About Larking Gowen

Larking Gowen is a premier provider of GP accounting services with the largest medical accounting team in East Anglia. We offer expert advice and support on every aspect of financial management for GP practices. We'll help you grow your practice, manage change and maximise income, allowing you to concentrate on providing the best possible care for your patients.

Presenters, Lizzy Lloyd and Andrew Burwood

Andrew worked for many years with a top 50 firm of chartered accountants in East Anglia. He joined our specialist Medical team in October 2015 and became a Partner in April 2016. Andrew is a member of the Institute of Chartered Accountants in England and Wales and has been working with GP practices for 20 years. He is well-known by his clients for his pro-active advice and personal approach.

Lizzy studied mathematics and statistics at the University of Essex before joining a local firm and qualifying as a Chartered Certified Accountant and a Chartered Tax Advisor. She and David Hubbard formed the Hubbard Lloyd accountancy practice in 2005 to specialise in clients within the medical sector. This business merged with Larking Gowen in 2014. With over 20 years’ experience in the sector her client portfolio includes GP medical practices (from sole practitioners to super surgeries), Primary Care Networks, hospital consultants with their own private practice, locum GPs and GP federations.