Re: Wholly Owned Subsidiary

Posted by Chris Pearson on
URL: http://art-forum.84.s1.nabble.com/Wholly-Owned-Subsidiary-tp1290p1305.html

Update from HSJ:

"The national regulator has today told NHS trusts to “pause” any ongoing plans to set up subsidiary companies and wait for new guidance to be issued.
NHS Improvement has issued a short statement on its website asking providers to pause plans to create new subsidiaries or change existing ones.
It said it will be issuing national guidance following a consultation on a new regulatory approach to subsidiary companies, which is due to launch next month.
Earlier this year, HSJ revealed thousands of non-clinical NHS staff were due to be transferred into subsidiaries at trusts across the country. This drew heavy criticism from unions and Labour politicians, which have accused trusts of seeking to exploit a VAT loophole.
In July, the Department of Health and Social Care issued guidance which said regulators would ensure that subsidiaries were not being established “for the sole purpose tax avoidance”.
Two strikes have already been planned at hospitals planning subsidiary companies this month, while some trusts have recently shelved their plans."