VAT and Charities
Course
In City of London
Description
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Type
Workshop
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Location
City of london
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Class hours
6h
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Duration
1 Day
The course is designed to provide a thorough explanation of the principles of VAT applicable to charities. At the end of the course, delegates will have a clear understanding of the most significant compliance issues and planning opportunities.
Awareness of VAT-saving possibilities will be heightened at all staff levels within charities and for all those who make supplies to or receive supplies from them. Junior staff will become familiar with the right questions to ask and senior staff will receive clear guidance in making key, strategic decisions.
Facilities
Location
Start date
Start date
About this course
The course is ideal for charity staff at all levels, who are directly or indirectly involved with VAT. It would also be particularly relevant for finance staff from other business and organisations involved in transactions with charities, and professional advisers of all of these.
Reviews
Subjects
- Staff
- Charity
- Compliance
- Transactions
- Tax Liability
- VAT
- Planning
- Business
- Input Tax
- VAT and Charities
- Charity Income Stream
- Property Transactions
- Direct Attribution of Costs
Teachers and trainers (1)
Nick Lawrence
Teacher
Nick spent several years with HM Customs & Excise in the UK, specialising in partial exemption, before joining a medium sized accountancy firm in 1988 where he advised on all aspects of VAT and was latterly chairman of the national VAT committee. In January 1995, he started his own business, working from home. Nick has provided regular consultancy and training services to a wide range of clients in the UK and abroad. He has particular expertise in partial exemption, land and property, charities and social housing.
Course programme
- An introduction to the basic principles of VAT applicable to charities
- Identifying the difference between business and non-business activities
- An analysis of typical charity income streams
- An explanation of key VAT reliefs available to charities
- Clarification of the VAT treatment of land and property transactions relevant to charities
- How to decide how much input tax can be claimed, including direct attribution of costs, business:non-business apportionments and partial exemption
VAT and Charities