- Government considering new initiative to enhance charitable donations through VAT relief
- Proposed VAT relief aims to encourage businesses to donate everyday items to charities without VAT obligation
- Consultation period of 12 weeks to begin before July 23, 2024
- Current rules exempt VAT on donated goods that are subsequently sold, but not on items given free of charge
- Proposed relief to stimulate donations of personal hygiene products, hotel items, and cleaning materials
- Relief will exclude goods donated for charity’s own use, such as new IT equipment
- Outcome of consultation and any amendments to be disclosed at upcoming fiscal event
Source: deeksvat.co.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
