Charities/Not for Profit Sector
There are no 'blanket' VAT reliefs for charities. Like commercial organisations, charities will be charged VAT on many of their purchases and may also be liable to register and account for VAT if they generate taxable business income. However unlike commercial organisations, the majority of a charities activities are 'non-business' which means that the ability to recover VAT on purchases is limited. There are also some VAT reliefs available to charities on certain goods & services purchased and on income generated from certain fund raising activities.
Charity VAT Services
CRS VAT Consulting can provide comprehensive VAT advice relating to all types of transactions entered into by charities with a view to identifying and securing additional outright VAT savings or refunds or mitigation of unexpected VAT costs or losses.
Examples where we can help include:
- Maximising VAT relief on charitable building construction
- Maximising VAT relief on other 'qualifying' purchases
- Advising on the correct VAT treatment of income generation activities and fund-raising activities
- Advising on VAT recovery relevant to trading activities and reviewing or implementing business/non-business and partial exemption methods
Some charities also have property investment portfolios and are involved in other types of land & property transactions. Please therefore look at our property sector page to see the range of services also available.