Reference 2017-330

REF:            2017-330

Subject:        Special Purpose Vehicles  

          

 

Request:

  1. Does the trust have a Special Purpose Vehicle (SPV)?

If so, please provide the following details for all SPVs held by the trust

  1.     Registered name
  2. Date incorporated
  3. What was the agreed function/purpose of the SPV?
  4. Who owns shared capital? (Please list all entities and the % of capital held by each)
  5. How much VAT was recovered during 2015/16 from the use of the SPV?
  6. What was the SPVs Income Surplus for 2015/16?
  7. Has the SPV been disclosed to HMRC?
  8. Is the trust considering the establishment of an SPV?

If so, please provide the following details for all planned SPVs

  1. What are the proposed functions/purpose of the SPV?
  2. How much VAT is expected to be recovered from the use of an SPV?

 

Response:

1.       Does the trust have a Special Purpose Vehicle (SPV)? Yes
If so, please provide the following details for all SPVs held by the trust
a.      Registered name Integrated Facilities Management Bolton Limited
b.      Date incorporated Operational from 1/1/2017
c.       What was the agreed function/purpose of the SPV? To carry out Integrated Facilities Management for Bolton NHS FT.
d.      Who owns shared capital? (Please list all entities and the % of capital held by each) Bolton NHS FT.
e.      How much VAT was recovered during 2015/16 from the use of the SPV? N/A
f.        What was the SPVs Income Surplus for 2015/16? N/A
g.       Has the SPV been disclosed to HMRC? Yes
2.       Is the trust considering the establishment of an SPV? Not applicable as we have formed an SPV
If so, please provide the following details for all planned SPVs
a.       What are the proposed functions/purpose of the SPV? N/A
b.      How much VAT is expected to be recovered from the use of an SPV? N/A