Charities have extra time to get to grips with new VAT rules, following concerns by the Charity Tax Group (CTG).
HMRC this week announced an extension to the transitional period during which a retrospective concession will apply for direct mail to be treated as a single composite supply of zero-rated delivered goods.
The end date is now 31 July 2015, having originally been 1 April, after the tax department ruled last year that the printing and delivery of mail packs for charities and other organisations should no longer be zero-rated for VAT purposes.
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A problem for organisations that trade through charitable subsidiaries