current uk vat issues for charities - highlights some opportunities & risks
DESCRIPTION
This was part of "The Season for Change", the J L Grant & Co Autumn Charity Update held in Belfast on 26 October 2013. The issues covered included zero-rated advertising rules, imported services, business/non-business and inaccuracy penalties.TRANSCRIPT
VAT and charities – what you need to know
Vat and charities – what you need to know
What can charities buy without claiming VAT?
Zero-rated Advertising
What’s in?
What’s out?
Imported services – a warning
Services imported by a vat-registered charity
Services imported by a charity not registered for VAT
Business or non-business – why is it important?
Outsourced services – when is the activity business?
Penalties for inaccuracies
What is reasonable care?
Vat and charities – what you need to know