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Potential good news for Charities - VAT

David Cameron confirmed during a recent Prime Minister’s Question Time, that he will consult with the Treasury over the additional VAT cost which Charities will suffer when the VAT rate increase takes effect next January.

He has suggested that Charities could be treated in the same way as local authorities and Central Government departments. Such bodies are repaid VAT.

There has been much lobbying by Charities and related bodies on this issue recently. Whether this will be successful remains to be seen.

 

 

Date: 20th July, 2010
Author: Jane Stacey

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