Award

Global Withholding Tax Recovery

STAFFORDSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

10 Dec 2024 at 08:48

Summary of the contracting process

Staffordshire County Council has completed the procurement process for the "Global Withholding Tax Recovery" services in the Financial Consultancy Services category. The procurement aims to recover taxes paid on overseas investment income by the Pension Fund according to international tax regulations. This project is located in the West Midlands, United Kingdom, with the contract period running from 1st January 2025 to 31st December 2026. The tender process concluded on 5th December 2024, and WTax was awarded the contract worth £118,000. The procurement method was noted as an exception against the council's internal procurement regulations.

This tender provides a valuable opportunity for financial consultancy firms, particularly those specialising in international tax recovery. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) could find such opportunities beneficial for business growth due to the project's scope and value. Businesses that can offer expertise in navigating international tax regulations and recovering unpaid taxes for pension funds are well-suited to compete for similar future contracts. Collaborating with a local authority like Staffordshire County Council can lead to further opportunities within the public sector.

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Notice Title

Global Withholding Tax Recovery

Notice Description

Recovery of tax paid on overseas investment income by the Pension Fund, to which it is entitled to have refunded under international tax regulations.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9b847bca-2801-48f4-94a9-44f28ca7f1c4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/103b4473-8fbd-41a2-8c9e-975e08feb2ab
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - Exception against own internal procurement regulations
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£118,000 £100K-£500K
Lots Value
Not specified
Awards Value
£118,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
10 Dec 20241 years ago
Submission Deadline
5 Dec 2024Expired
Future Notice Date
Not specified
Award Date
9 Dec 20241 years ago
Contract Period
1 Jan 2025 - 31 Dec 2026 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
STAFFORDSHIRE COUNTY COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
STAFFORD
Postcode
ST16 2DH
Post Town
Stoke-on-Trent
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG2 Shropshire and Staffordshire
Small Region (ITL 3)
TLG24 Staffordshire CC
Delivery Location
TLG West Midlands (England)

Local Authority
Stafford
Electoral Ward
Forebridge
Westminster Constituency
Stafford

Supplier Information

Number of Suppliers
1
Supplier Name

WTAX

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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