VAT AND ACCOUNTS PAYABLE REVIEW SERVICES 2018

Tender description

The Authority requires a Supplier, or Suppliers, who can deliver VAT and Purchase Invoice Overpayment review services. Bidders may apply for one, or both of the following lots: Lot 1, VAT Review Services; Lot 2, Purchase Invoice Overpayment Services. For information, the Authority has an incumbent supplier of VAT services, performing monthly reviews as well as annual re-reviews including AP and AR errors, capital project reviews and performing business activities and partial exemption calculations. During the last financial year, their activities resulted in the recovery of: accounts payable and receivable errors (gross) worth £273,920; capital project reviews worth £164,628; partial exemption and business activities (gross) worth £73,239 and a one-off historic “Flemming Claim” worth £119,443. Historically, the Authority has not had a regular supplier of purchase invoice overpayment services. However, as a one-off exercise during August 2017, a supplier undertook a review of historic overpayments going back over the previous 6 years and identified approximately £85,000 in overpayments.