Services
VAT Recovery
Charities generally have a mix of business and non-business activities. In addition many charities make exempt supplies. As a result, even when registered for VAT, charities may not be entitled to reclaim all of the VAT on costs. We can advise on VAT recovery/partial exemption methods and setting up accounting records to save you time, including managing the requirements of Making Tax Digital to ensure you are compliant with your VAT return submissions
VAT reviews and health checks
We can help you to review your charity’s VAT position, determine the VAT liability of income, advise on whether VAT registration is required and ensure your processes are up to date with changes in law, HMRC policy and your organisation’s activities. Our VAT consultants can provide you with a full in-depth organisational 'health check' or specific transaction-based advice, depending on your requirements
Capital Projects
These are the source of the biggest VAT costs for charities and getting it wrong can be very damaging financially. Understanding the VAT implications of these projects and associated zero and 5% VAT reliefs at an early stage can save you money, especially where not all of the VAT will be recoverable. Our VAT specialists can help you with planning; from advising on building plans and construction contracts, to managing any VAT Capital Goods Scheme adjustments.