Award

VAT Savings review

DEPARTMENT FOR ENVIRONMENT, FOOD AND RURAL AFFAIRS

This public procurement record has 1 release in its history.

Award

19 Dec 2024 at 12:47

Award Notice
Summary of the contracting process

The Department for Environment, Food and Rural Affairs (Defra) has completed the procurement process for a VAT Savings Review. This contract, classified under Financial Consultancy Services (CPV 66171000), aimed to assess and enhance Defra's VAT recovery compliance with relevant legislation and HMRC guidance. The tender process used was selective, calling off from a framework agreement. The contract, valued at GBP 361,581, spans from 15th July 2024 to 15th July 2025, with locations including the UK, British Overseas Territories, Channel Islands, Isle of Man, Europe, and the rest of the world. Defra awarded the contract to KPMG Advisory Services Limited on 15th July 2024, with the award notice published on 19th December 2024.

This tender presents a significant opportunity for businesses specializing in financial consultancy, particularly those with expertise in VAT recovery and compliance. The engagement will likely benefit firms capable of navigating complex VAT regulations and identifying potential savings. While the specific contract has been awarded, similar future opportunities could arise, making it essential for businesses in this sector to remain vigilant and prepare to demonstrate robust compliance capabilities and innovative approaches to VAT recovery and fiscal consultancy.

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Notice Information

Notice Title

VAT Savings review

Notice Description

The primary aim of the engagement is to identify whether Defra is maximising the available VAT recoveries and reliefs, with a view to making retrospective claims for additional VAT recovery where applicable and improving VAT recovery prospectively. Any additional VAT savings will need to comply with the relevant VAT legislation and HMRC Guidance

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-b0d25ee7-5c86-4d36-a8c8-6d471b4efa75
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c63738c8-1ffc-4a85-bcd2-d4eb66ad711a
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£361,581 £100K-£500K
Lots Value
Not specified
Awards Value
£361,581 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Dec 20241 years ago
Submission Deadline
15 Jun 2024Expired
Future Notice Date
Not specified
Award Date
14 Jul 20241 years ago
Contract Period
14 Jul 2024 - 15 Jul 2025 1-2 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR ENVIRONMENT, FOOD AND RURAL AFFAIRS
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1P 3JR
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

KPMG ADVISORY SERVICES

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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