The VAT liability of your charity’s income determines whether it has any requirement to register for VAT, and the extent of its entitlement to VAT recovery. A key issue is whether any activities are deemed to be “business” for VAT purposes. Similarly, many of the VAT reliefs available to charities on expenditure and income depend on understanding that concept, and on specific requirements; getting this wrong could result in unexpected penalties.
Our VAT team of specialists have over 90 years’ combined experience in the sector, and are supported by our charity team which has provided accountancy services to the not-for-profit sector since 1992. The breadth of our client base means that whatever challenge you face, we are likely to have dealt with it before, so we’re well positioned to find the right solution for your organisation.