The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
This guidance note provides an overview of VAT recovery for charities and of the various VAT reliefs that are available to charities aimed at reducing the amount of irrecoverable VAT they incur. The note should be read in conjunction with the Charities ― overview guidance note.
Charities may have a mixture of taxable, exempt and / or non-business activities as set out in the Charities ― overview guidance note. This can make their VAT recovery position particularly complex as VAT is normally only recoverable when it is used for making taxable supplies.
Broadly, charities with a mixture of all of these types of activities will determine how much VAT they can recover as follows:
**Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason.
Access this article and thousands of others like it free for 7 days with a trial of TolleyGuidance.
Read full article
Already a subscriber? Login
To view our latest tax guidance content, sign in to Tolley® Guidance or register for a free trial.