Peace Hospice Care is set to benefit from the Chancellors announcement in his Autumn Statement that he plans to give hospices across the UK a rebate to cover VAT costs on certain non-business supplies.
The news will mean that Peace Hospice Care could save up to £20,000 each year starting in April next year.
Peace Hospice Care Chief Executive, Sue Plummer said 'We are very pleased with the Government announcement on VAT exemption for hospices. Peace Hospice care needs to raise over £4 million each year in charitable income so that we can continue to provide our care to those people across South West Hertfordshire with a life limiting illness. It's good to see that the government is removing the VAT burden at a time when hospices are facing increased demand for its services as a result of increasingly complex needs of Britain's ageing population.
She added 'It's vital that hospices up and down the Country are able to continue raising the charitable income it needs to run its services. This news today will help to ease some of the financial burden.'
Welcoming the rebate, which is estimated to be worth over £4m annually, David Praill, Chief Executive of the charity Hospice UK, said 'We are delighted the Chancellor has acted to close the VAT gap faced by charitable hospices which, unlike NHS providers, have been unable to reclaim VAT on many non-business supplies.'
'This positive change will help relieve the considerable VAT burden on charitable hospices in the UK, enabling them to invest charitable funds in the delivery of front line care and help them reach more terminally ill people and their families.'
Peace Hospice Care receives a large percentage of its charitable income around the Christmas period. If you can make a donation to support our work, please click here
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