VAT & Charities

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 ?

Comments

  • KernowAccountantKernowAccountant Settling In Nicely Posts: 120Registered
    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.
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