Charity Tax and VAT
What the tax man giveth with one hand, he can take away with the other.
We will help you ensure all your Gift Aid declarations are in place and your tax affairs including payment of PAYE and submission of forms remain both up to date and complete.
If the Inland Revenue notices failures and omissions in a charity’stax affairs it can easily trigger aGift Aid audit.
Many charities do not believe they need VAT advice as they are not VAT registered.
Yet basic VAT planning can be beneficial, for example planning to mitigate VAT on expenditure incurred.
We advise on the problems of irrecoverable VAT on the development or refurbishment of premises and how transactions may be structured more favourably for charities with VAT partial exemption issues.
Contact our specialist Charity Team for more advice.
- Charitable Giving
- Charity Commission's Assessment of Charities Advancing Religion
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- Charity Commission’s Assessment Of Independent Schools
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- Financial thresholds changed
- Gift Aid
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