Mud-club

Chat & Social => The Bar - General Chat => Topic started by: old joe on March 26, 2007, 17:28:32

Title: Charities and VAT
Post by: old joe 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

Title: Charities and VAT
Post by: RCRockCrawler 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?

Title: Charities and VAT
Post by: sleeplessparadise 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 :)

Title: Charities and VAT
Post by: Lord Shagg-Pyle 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?