Virgin Healthcare has won £2 billion in NHS contracts – and paid no tax. WHY?

Is this about creative accounting?

How can a commercial firm take billions of pounds of taxpayers’ money to provide healthcare, with a promise to do it within budget and at profit for itself, then record losses every year since its creation (for tax purposes), but still remain in business?

It doesn’t make sense to me.

I think people are being shortchanged.

And I think if I were to attend a hospital where Virgin Healthcare runs services, I’d work out who was being shortchanged in short order.

Sir Richard Branson’s Virgin healthcare group has not paid a penny in corporation tax while being handed £2billion worth of NHS and local authority deals.

Health campaigner Dr John Lister branded the billionaire’s firm “parasitic” over its ­involvement in UK health.

Virgin did not pay any corporation tax on its healthcare arm because it has ­consistently racked up losses since being created in 2010.

Source: Richard Branson’s Virgin Healthcare has paid no tax on £2billion NHS deals – Mirror Online

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3 thoughts on “Virgin Healthcare has won £2 billion in NHS contracts – and paid no tax. WHY?

  1. Chris Sterry commenting

    This Tender process is not fit for purpose and neither are many of the Private companies who win them.

    Taking money from the NHS while not providing a First Class service is one of the problems.

    While another is that no checks are made on whether those that tender can deliver a good quality service for the price. As it would appear the lowest tenders are accepted, this is not good news.

Comments are closed.