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Respond to consultation on VAT, charities are urged
By David Ainsworth, Third Sector, 20 August 2008
Accounting experts are urging charities with business interests to respond to an HM Revenue & Customs consultation that should win them a better deal on VAT.
HMRC has proposed changes to the laws covering partial VAT exemptions, which would mean fewer calculations and simpler rules for charities. At present, organisations have to go through a complex series of processes to work out what portion of VAT they can claim back and what they must pay. "The...
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