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New lease rules to affect NHS capital

On April 1, 2020, a new accounting standard comes into effect that changes how leases will be accounted for. Essentially, under the new rules all leases – whether finance or operating – will have to be accounted for ‘on balance sheet’, which means they will count as capital expenditure. Furthermore, all contracts will have to be examined to see if they contain a lease.


Click here for expert comment on this new standard from Emma Knowles, Director of Policy and Research at the Healthcare Financial Management Association.