
As discussed in the webinar, with the impact of Brexit, the distortion of ‘normal’ activities due to COVID-19, the requirements of MTD, and ongoing case law, now may be a good time to consider a VAT health check to ensure your charity is both VAT complaint and maximising any opportunities to mitigate VAT where possible.
If you’re in need of additional support, a VAT review undertaken by our Charity VAT specialists might be helpful.
Every charity will have its own specific circumstances and hence a more targeted approach should be considered. If you’re in need of additional support, a VAT review undertaken by our Charity VAT specialists might be helpful.
Areas normally considered during a review include:
Ultimately every review is tailored to the activities of your charity and will include any specific areas that you bring to our attention. We can also consider the VAT accounting audit trail and whether it will comply with the requirements of MTD from 1 April 2021.
A report setting out our findings and recommendations is prepared once the review process is completed. In addition, where required, the review can be followed up with bespoke VAT training for relevant staff and manuals or guidance notes to assist with ongoing compliance.