We have been working with many charities over the years. This involves getting charities constituted with the most appropriate legal structure, governing documents, assistance with the Charity Commission and statutory obligations. We can also give advice on Gift Aid including how to set it up and what records to keep.
It is a common misconception that charities are exempt from tax. Charities can take advantage of a variety of tax exemptions - Income Tax, Corporation Tax, Capital Gains Tax, VAT reliefs and business rates relief to name a few. But charities are operating in an increasingly commercial way and understanding when exemptions and reliefs apply to a charity can be tricky.
We have a detailed knowledge of charity tax exemptions and reliefs, and years of experience in how to structure your activities in the most tax-efficient way. We can help you understand the nuances of when fundraising becomes taxable trading, and when a council funded project becomes a Vatable supply of services.
VAT for charities is a particularly complex and specialised subject and we have advised many charities on VAT issues including all the standard VAT reporting that a business would need.
Get in touch now on 01243 789031 or 02392 820726 to arrange a free no obligation meeting with us.