Our solicitors are here to advise local authorities on the process of Care Contract Restructuring, also known as Care Contract Novation.
We understand the pressures care providers face, including increased costs, staff shortages and smaller margins.
These issues can lead to providers ceasing to trade, in turn placing pressure on local authorities with care responsibilities.
As care providers increasingly look to restructure their contracts to allow for favourable VAT treatment, it is vital that local authorities conduct careful due diligence before agreeing to any contract novation.
The restructuring process is complex and not without risk.
We work closely with our clients, conducting thorough assessments to ensure they can meet their responsibilities and understand the risks while aiding the care providers.
As part of the due diligence process, we review and provide advice on the following areas:
Our experts have a deep understanding of the public sector.
We also work closely with leading tax specialists, combining legal, tax and industry knowledge to provide a comprehensive end-to-end service.
24 April 2023
Sharpe Pritchard and PSTAX, leading providers of legal and taxation services to local authorities, announced today the launch of a new joint due diligence service for care contract restructuring. The service will assist local authorities in conducting the essential due diligence checks to ensure that a care provider’s proposals do not present unacceptable risks for…
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