The issues we highlight may make you want to review your own VAT position.
Attendees at our recent VAT event, aimed specifically at
the charity sector, were surprised to hear that the not-for-profit
sector is actually a significant contributor of VAT revenue to the
Treasury, particularly given the amount of revenue
involved.
The event, hosted in UHY Hacker Young's London office, was a
meeting of the Charity Special Interest Group of STEP, the Society
of Trust and Estate Practitioners, and given this response to the
level of Government VAT revenue, VAT was clearly a good choice of
topic to be covering. The session was led by our specialist VAT
partner, Simon Newark, who presented a wide-ranging insight into
several VAT areas that affect the charity sector highlighting
hidden dangers, easily missed opportunities and HMRC's
approach.
