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  • VAT Memo - Particular activities - Charities - Types of income - Grant funding - 8040
    The treatment of grants received can give rise to difficulty, and depends on whether the charity gives: - something in return (either to the donor or a third party), in which case a supply (usually taxable) is made for consideration; or - nothing in return, in which case the funding is outside the scope of VAT. Most grants and subsidies are outside the scope. However, the terms of any grant should always be examined, as the funding agreement may be more in terms of a service level agreement (see examples below)...
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