Pages: [1]   Go Down

AuthorTopic: Charities and VAT  (Read 421 times)

0 Members and 1 Guest are viewing this topic.

Offline old joe

  • Posts: 911
  • Attack: 100
    Defense: 100
    Attack Member
  • Karma: +0/-0
  • Referrals: 0
Charities and VAT
« on: March 26, 2007, 17:28:32 »
hi all

I know a lot us are involved with charity work of some sort and at the moment most charities have to pay VAT.

I found this link on the RNLI website and the RNLI paid over £2m of irrecoverable VAT to the Government and the charitable sector as a whole pays between £400m and £500m each year

http://www.rnli.org.uk/who_we_are/news/news_detail?articleid=193793

http://petitions.pm.gov.uk/Charities/

That mony could have been used for other use's.

Dazza
Logged
Old Joe (Dazza)

The greatest lesson in life is to know that even fools are right sometimes.

Remember each and everyone of us is gifted, it’s just that some leave the wrapping on longer than others

A Journey of a Thousand Miles begins with a Single Step.


http://www.4x4prejudice.org/

www.rsda.org.uk

http://muppets.go.com/games/muppets-flyinggonzo.html

Offline RCRockCrawler

  • Posts: 55
  • Attack: 100
    Defense: 100
    Attack Member
  • Karma: +0/-0
  • Referrals: 0
Charities and VAT
« Reply #1 on: March 26, 2007, 17:42:42 »
Charities have to pay VAT?!?!

Do you mean the dosh that is given to them is taxed or is it taxed when they spend it?
Logged
www.UKRCRC.com - The UK's first and only RC rock crawling website!

Offline sleeplessparadise

  • Posts: 1387
  • Attack: 100
    Defense: 100
    Attack Member
  • Karma: +0/-0
  • Referrals: 0
Charities and VAT
« Reply #2 on: March 26, 2007, 18:00:27 »
Wow I never knew that. So does that mean when they ask if you pay tax and can the claim the relief back or whatever it says you are actually not doing them any favours cos it just makes their VAT bill bigger?  :evil:

Edit: have signed the petition :)
Logged
Helen aka Sleeplessparadise aka Mrsjohnty
defender 90 Td5 LilRed  SIIa 109 Stationwagon Bluebell
NBH LOC

Offline Lord Shagg-Pyle

  • Posts: 1519
  • Attack: 100
    Defense: 100
    Attack Member
  • Karma: +0/-0
  • "Where we're going, we don't need roads!"
  • Referrals: 0
Charities and VAT
« Reply #3 on: March 26, 2007, 18:28:28 »
That may because to keep in line with the rules that charities can only earn a certain amount before they get slapped with tax.
As a result some of the bigger charities 'apparently' give interest free loans to their employees, to keep the figures down.
It is a bit farcical really, but hey, good old Gordon has got his sights on everybody.

Gordon Brown = Evil Sheriff of Nottingham


Where is Robin Hood when you need him?
Logged
Pages: [1]   Go Up
 





SimplePortal 2.3.5 © 2008-2012, SimplePortal