Page 33 - P4304.1-V96_PS-Magazine-April 2024

The Bonus…

There is an interesting little bonus attached to the way the VAT is
calculated on PAs.
Some items are classed as PA by the NHS, but also classed as
dispensed items by the HMRC.
This of course means that you will receive the Input Tax repayment
from the HMRC and the PA allowance from the NHS Prescription
services.
Again, examples but not a definitive list would be:
• Insulins

• Injectable Low Molecular Weight Heparins.
Clexane, Inhixa, for example

• Sumatriptan

• Genotropin

• Instillagel
• Haemorrhoid Preparations containing local

anaesthetic

I suspect that there will be some people that are reading this that
send prescriptions for some of the above items to a Local Chemist??

Please don’t, there is no need, and you will see the value of the VAT
in the GPP Statement will increase…

Unused PA Items

If your practice has items that are PA but have expired the VAT can be
claimed back on these items. Likewise, if there is a power cut or fridge
failure you are also able to claim VAT back on any affected items.
To ensure that you are handling Personally administered items
correctly, please ensure that every month your accountant is aware of
all expenditure that is eligible for Input Tax, and that all prescriptions
for Personally Administered items are submitted at the end of the
month. Then you won’t go far wrong!

or call us on 01904 558 350 Top tips from your DDAM | PS Magazine 33