The CIOT reports that HMRC are sending ‘one-to-many’ emails to selected small VAT-registered charities to raise awareness around the obligation to complete business/non-business apportionment calculations. Many smaller charities are not aware they have non-business activities or of the requirement to apportion their input tax according to the report. The CIOT’s briefing note includes a link through to a copy of HMRC’s email.
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The CIOT reports that HMRC are sending ‘one-to-many’ emails to selected small VAT-registered charities to raise awareness around the obligation to complete business/non-business apportionment calculations. Many smaller charities are not aware they have non-business activities or of the requirement to apportion their input tax according to the report. The CIOT’s briefing note includes a link through to a copy of HMRC’s email.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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