- Auditel Consultant:
- Laurence Fitch and Ruth Dawe
Charities at risk from new European VAT rules
26 Nov 2009 | Filed under: Industry CommentMany charities have trading arms which allow them to raise unrestricted funds, allowing them to fund the revenue costs of their work. Currently charities can provide or receive services from these subsidiaries without charging VAT. The EU Commission is challenging the UK’s VAT grouping rules and the proposed changes will no longer allow ‘VAT grouping’ with taxpaying organisations for the purposes of VAT and rendering the charity liable on services offered or received.
Changes like this can have a significant impact on your charity, which is why Auditel advise their Free Business Health Check service ensuring that your costs are managed on an ongoing basis and allowing you to be confident that when the unexpected occurs you are in the best financial health possible.
To read more on this subject, go to: http://www.thirdsector.co.uk/news/rss/article/969641/European-VAT-rules-pose-threat-charities/&urlhash=R9Ki&trk=news_discuss
To find out more about our Free Business Health Check contact either Ruth Dawe (ruth.dawe@auditel.co.uk ) or Laurence Fitch (laurence.fitch@auditel.co.uk ) on 01727 865501
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