Free

VAT made simple

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Location

St Luke's Community Centre

90 Central Street

London

EC1V 8AJ

United Kingdom

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Description

In this session attendees will be given a brief overview of charity areas such as non-business activities and the VAT status of various types of income such as grants, contracts, selling donated goods, fundraising events and sponsorship.

We will also explain when you need to register for VAT and how to recover VAT on costs once you are registered.

Programme:

09.00 Registration – tea and coffee
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09.30 Introduction
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09.35 VAT basics
When to register for VAT. When you have to charge VAT and when exemptions or reduced rates apply. Grants or contracts? Difference in VAT treatment. Consider the VAT implications of different activities of charities including education, welfare, membership and fundraising.
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10.40 Break for refreshments
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11.00 Recovering VAT on costs
Once registered for VAT you can recover VAT but only for the taxable business activities. Explaining the partial exemption rules, we go through a practical example of calculating the recoverable VAT.
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12.00 Buying goods and services without paying VAT
Reliefs available to all charities whether registered for VAT or not – helping you to save money on fundraising and other activities
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12.30 Summary and close



Sayer Vincent training seminars are specifically tailored to support the development of finance teams working in charities, social enterprises and not-for-profit organisations.


IMPORTANT IMFORMATION – please read carefully
● Training seminars are FREE for all Sayer Vincent clients (unless otherwise stated).
● Non-client organisations must pay a fee of £75+VAT for half day seminars and £150+VAT for full day seminars.
● Registering for an event does not confirm your place – we will confirm your place by email and request payment where applicable.
● Please read our event terms and conditions before completing your registration.

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Date and Time

Location

St Luke's Community Centre

90 Central Street

London

EC1V 8AJ

United Kingdom

View Map

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