VAT & Charities

JackieB

HI
Wondering if anyone can confirm for me how they treat Grants , I know this is outside the scope but can you reclaim the vat spent on activity funded by grants or does this come under partial exemption like the zero rated stuff ?

KernowAccountant

JackieB said:

HI
Wondering if anyone can confirm for me how they treat Grants , I know this is outside the scope but can you reclaim the vat spent on activity funded by grants or does this come under partial exemption like the zero rated stuff ?

Your question appears very confused. Given the lack of information provided there are a myriad of issues and potential responses.

May I suggest you read VAT Notice 701/1: charities, as this may clarify your thinking.