Date07 Sep 2021
CategoryTax, VAT & Indirect Tax
VAT affects all charities – even those that are not registered for VAT. In practice VAT is an irrecoverable cost for most charities and whilst VAT savings are available, they are not as obvious or as far reaching as they should be. In simple terms, charities can reduce the cost of irrecoverable VAT in two ways, they can look to reduce or remove the VAT they incur on expenses and recover as much of the VAT they incur as possible. You must always remember however, to recover VAT you must first be registered.
The following five points should be considered by all charities who want to ensure that they are minimising the cost of irrecoverable VAT, and maximising the use of their funds and resources - download issue one of our 'Revive, Refocus, Rebuild – The journey back to better' guide here to find out more…
Would you like to know more?
If you have any queries regarding what we cover in our guide, please get in touch with your usual contact or email firstname.lastname@example.org.