Many organisations have multiple income streams that may be taxable, exempt from VAT or outside of the scope of VAT altogether.

Add to this other areas which require specialist tax advice such as gift aid, sponsorship, governance, mergers, reviewing budgets and investment management procedures and it's easy to see why this is one of the most complex areas charity, education and not-for-profit organisations have to face.

Charitable trading subsidiaries and corporate tax

It may be that creating a trading subsidiary for your charity is the best way to mitigate your exposure - but corporate tax is a very complex area and if you're not careful, this can easily backfire. Many of our prize-winning tax team members directly advise our charities department, so you can be sure that your organisation is always getting the very best tax advice.

VAT

Bishop Fleming is unique among regional accountants in having a dedicated VAT Director with a keen personal interest in the sector who has saved and retrieved huge sums for charity, education and not-for-profit clients.

 
 
The support and technical advice that has been provided to me in my role as Director of Finance of the charity and to the Trustees has been proactive and of the highest standard. This has been particularly so at Trustee level, for example, in recommending a review of our VAT position and in making changes to the structure of our subsidiary company. The latter was a particularly complex issue that Bishop Fleming were able to steer us through and enabled a satisfactory outcome to be reached. Hospicare, Exeter
 
 

Our specialist Tax & VAT Team

 
 
 

Tax & VAT News

 

CASC VAT dilemma – it’s just not cricket

Posted by on

Community Amateur Sports Clubs (‘CASCs’) need to be very careful with VAT when undertaking building projects, as a recent case of a cricket club building a new pavilion clearly shows. Eynsham Cricket Club was a […]

Read More

Recharging disbursements – should VAT be charged?

Posted by on

A recent VAT tribunal case on disbursements explored the VAT treatment of search fees paid for by solicitors, and found that VAT should be charged when the cost is passed on to the client. Brabners […]

Read More
 

Related Services & Sectors

 

VAT Advice

Bringing value to your business

Read More

Business Tax

Keeping your business moving.

Read More

Audit & Assurance

Guiding you through the audit process to give you meaningful insight into your business.

Read More
 
 
The logo for Kreston International Investors in clients logo British accountancy awards finalist 2016 logo ICAEW logo The logo for the Times Top 100 best companies to work for