![Man sitting at desk looking a VAT inspection papers with laptop on table](https://www.pricebailey.co.uk/wp-content/uploads/2024/07/iStock-1451131632-1-427x241.jpg)
Key considerations for a VAT inspection
Preparing for a VAT inspection? Price Bailey's article written by Greg Mayne offers some useful reminders and key considerations.
With increasing financial pressure on NHS budgets and rapid technological change, we appreciate the challenges you face in your pharmacy. Whether you operate a single pharmacy or several, our specialist team understands the unique concerns of the pharmaceutical industry, and are ready to support you with our tailored, sector-specific advice.
We understand that there are threats facing the pharmaceutical industry despite the demand for pharmaceuticals growing.
The NHS update that patients in England will be able to get treatment for seven common conditions at their high street pharmacy from 31 January 2024 without needing to see a GP, as part of a major transformation in the way the NHS delivers care, will no doubt see numerous changes in how pharmacies are financed, managed, and staffed. This update we anticipate to see an increase in the demand for pharmacies and pharmacists as a result.
On the other hand, as an independent pharmacy, you may be facing competition from major supermarkets and online retailers exploiting the desire for consumer convenience. With competition growing, it is important your pharmacy has in place a strategic plan to boost your competitive edge, increase profits, and meet your objectives.
We have supported pharmacies throughout their journeys and are committed to helping clients thrive as they move forward and overcome challenges.
Our experience means we are plugged into a world where we understand what drives success and can support you with valuable advice on both how to scale and how to put in place the right finance and accounting systems that underpin growth.
We also provide a comprehensive range of services to individuals including, personal tax advice, financial modelling, and investment management. As well as our expert insight on our content hub.
Contact us today to find out more about how we can help you
Preparing for a VAT inspection? Price Bailey's article written by Greg Mayne offers some useful reminders and key considerations.
Do you want to uncover the truth behind early-stage equity funding? Our crowdfunding report inspects the current crowdfunding market, the stages of crowdfunding, and pre- and post-crowd valuations to offer valuable insights to entrepreneurs and decision-makers.
2024 is set to be exceptionally busy for employers, HR professionals and employment lawyers. This article details what we can expect throughout the year, as well as the most recent developments following the result of the General Election.
Michael Morter, a Director in Price Bailey's Tax team discusses the possible changes to Inheritance Tax with particular focus on Business Property Relief (BPR) and Agricultural Property Relief (APR).