New Forest

30/10/2019

VAT Refunds

There have been updates to the VAT refund scheme for charities (VAT Notice 1001).

The charities included should be based in the UK, Isle of Man, another EU member state, Iceland, Liechtenstein or Norway and are:

  • palliative care charities
  • air ambulance charities
  • search and rescue charities
  • medical courier charities

The update include VAT that can be reclaimed and the definition of a qualifying charity. Section 2.8 states that ‘VAT that cannot be claimed under sections 33C and 33D’ and includes a reminder that for VAT incurred in another member state, charities will need to reclaim in those countries.

The guidance also provides information on the reliefs available to other charities. For further information visit: bit.ly/gov-vat1001

Latest Tweets

Many partners & the self-employed may have spent a few days a month working from home before the current crisis, but now almost everybody is working from home. There are a few small tax breaks for this, where you can claim tax relief on work related expenditure incurred.

SELF-EMPLOYED INCOME SUPPORT GRANTS
The amount of the grant is 80% of average profits for 3 years to 5 April 2019. The grant is capped at £2,500 a month for the initial 3 month period. This scheme has been extended for 3 months from 1 June but reduced to 70%, capped to £6750.

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