Church Annexe – HMRC tries to turn up the heat

Churches and temples are some of the most frequent benefiters from the VAT relief that applies to charity annexes to be used for relevant charitable purposes.  They often erect new structures, but these are, for convenience or economy, commonly attached and linked to an existing building, rather than being physically separate.  But it is far from straightforward to determine when such a development qualifies as an annexe, as distinct from simple extension or enlargement (which are not relieved).  To read more, click here

Exempt Charity Fundraisers: the Loughborough Students Union case

Although the decision of the First tier Tribunal in this case (Loughborough Students Union & Ors v HMRC [2018] UKFTT 357 (TC)) seems to relate to the specific world of students unions, and was decided very much on the facts pertaining to such an establishment, nevertheless some general points for the wider charitable world appear to emerge and can be used with caution.

Read more here

New Edition: VAT Registration – Unravelling the Complexities

The topic of VAT registration may seem very straightforward, but in reality it can be contentious and difficult.

This concise book (click on link below) deserves a place on the shelf of every business tax adviser. In offering an array of practical advice in relation to VAT registration issues as such, the book also covers a range of related VAT topics, and will quickly earn its keep by saving research time and helping to avoid VAT pitfalls.

Topics covered include registration criteria; pros and cons of voluntary registration; supplies, including hidden supplies; “business” and “economic activity”; agent or principal, profit or consideration; business fragmentation, groups; de-registering; penalties and paperwork. This new edition also includes a chapter on the flat rate scheme (as significantly amended in 2017).

“An excellent, practical summary of VAT registration issues.” – AccountingWeb review of first edition

New Edition: VAT Registration – Unravelling the Complexities