Four charity umbrella organisations have joined forces to urge the government to launch a fundamental review of VAT and other taxes paid by charities because of the “significant burden” it places on UK voluntary sector organisations.
In a written submission to the House of Commons Treasury Committee for its inquiry into “Tax after coronavirus”, National Council for Voluntary Organisations, the Charity Finance Group, the Charity Tax Group and the Chartered Institute of Fundraising say that charities are unable to recover the VAT they pay on purchases to help their beneficiaries because they provide services that are outside the scope of the VAT system.
If you are vexed by VAT we’ve got resources to support you, including The Complete Charity VAT Handbook as well as finance courses.
And if you are dealing with any aspect of your organisation’s finances, you should probably be signed up for our Charity Accountants’ Online Conference next week. Maybe it’s because it’s online for the first time and easy to fit around your day, or maybe it’s because now more than ever, every penny counts, but it’s our most popular CAC to date, and it’s not too late to register here