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Charitable savings

22 July 2008 / Neil Warren
Issue: 4168 / Categories: Comment & Analysis , VAT
Opportunities for charities to save tax do exist. NEIL WARREN considers practical ways to reduce VAT bills

KEY POINTS

  • Input tax can only be claimed on relevant expenditure.
  • Claiming non-attributable input tax.
  • Partial exemption calculations are subject to an annual adjustment.
  • VAT considerations of buying new premises.
  • Treatment of membership subscriptions and donations.

In my article Charitable tips I introduced readers to the VAT problems faced by John Smith the newly appointed chief executive of Good Causes Ltd.

Good Causes Ltd is a registered charity that treats and looks after injured...

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