Many charities believe that they are not subject to tax. In truth they are one of the most penalised bodies from a VAT perspective! Opportunities to minimise the VAT payable and to recover all the VAT to which they are entitled are often missed.

• Are you sure that you should not be registered for VAT?
• Have you the expertise to ensure that you have treated all you activities correctly for VAT?
• Have you considered the risk to the charity of interest and penalties as well as unpaid VAT?

If in doubt you need to consider The Tax Diagnostic explained below.

Key areas reviewed:

• Do your controls minimise your VAT risks?
• Should you be registered for VAT?
• Are you charging VAT correctly?
• Have you got the VAT treatment of grants you receive and give correct?
• Is your partial exemption method fair and reasonable for you?
• Have you claimed all the reliefs available on your property transactions?
• Are your trading activities within your charity exemption for corporation tax?
• Do you need a trading company for VAT or corporation tax reasons?
• Gift aid – are you getting it correct?

What is involved?

A free on site consultation at your premises

A full review of your direct and indirect tax affairs on your site

A formal report or bullet point presentation of key elements

Recommendations and costings for the action you should take