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Charity challenge events
 
HMRC Brief 36/08 issued on 11 August states:
'VAT Treatment of Charity Challenge Events
 
'This Brief announces HMRC's revised guidance on Charity Challenge Events including those that qualify for the VAT Charity Fundraising Exemption.
'Background
 
'Many charities use Charity Challenge Events for example running walking and cycling events to raise funds through sponsorship of the individuals who take part.
 
'Following representations from the charity sector HMRC have been working with the sector to produce revised guidance to assist charities to determine the correct VAT liability of such events.
'The changes
 
'HMRC has now produced revised guidance with examples and a flowchart to be used with...

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