Registered charities in the UK benefit from a broad exemption from most tax, so they might be forgiven for assuming that they are also exempt from VAT – but that is not the case. To make it more confusing, the law as HMRC applies it can mean that the same payment is taxable consideration from a VAT perspective, yet qualifies as a donation for Gift Aid purposes.
Source: europeantax.blog
Latest Posts in "United Kingdom"
- Isle of Wight NHS Trust vs HMRC: VAT Exemption Dispute on Locum Medical Practitioners
- HMRC Guidance: How to correct VAT errors and make adjustments or claims (VAT Notice 700/45)
- Supreme Court Decision Mandates Prudential to Pay VAT on £9.3 Million Success Fees
- UK Supreme Court Rules on VAT Grouping and Time of Supply in Prudential Case
- High Court Rules in Favor of Hotelbeds UK on Input Tax Recovery Without VAT Invoices
