Home > News > CBG appoints VAT Advisor for CBG Members
VAT is a significant cost burden to any
organisation and, for charities, where VAT is only partly recoverable at
best, it is a particular problem. With the standard rate of VAT now at
20%, combined with complex rules, and voluminous case law, this means
that VAT can be a severe financial and administrative burden for any
charity.However, VAT can provide
opportunities as well as responsibilities. There are a range of VAT
exemptions for charities, which can provide significant cost savings. In
some cases there apply to one-off projects, such as building
development. In other cases, overhead costs can be mitigated by applying
the reduced or zero rate of VAT.
When dealing with charities, I generally look at the following four areas:
• Registration for VAT
• Property development
• Input tax recovery
• VAT reliefs
Each can provide both problems and opportunities. And none should be ignored!
I
have over 25 years’ experience in VAT, including a spell with HM
Revenue & Customs. I also sit as a part-time member of the Tax
Tribunals. I have a wide experience of business and charities, and can
therefore provide expertise appropriate to any organisation.
Contact me now to see how I can help