Commentary

V7.469 Charities—planning points to consider

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.469 Charities—planning points to consider

Part V7 Tax planning | Commentary

V7.469 Charities—planning points to consider

The following planning points should be given consideration.

  1.  

    •     In some cases, it may be worthwhile for a charity to register for VAT on a voluntary basis. This would be particularly useful if the charity has a high proportion of zero-rated sales, eg sales of donated goods.

  2.  

    •     If a charity has to register for VAT on a compulsory basis, remember that it is only the value of taxable supplies that need to be taken into account as far as the registration limit is concerned. Exempt supplies and outside the scope income are excluded from

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