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Temporary staff hire tax move 'will cost one charity £300k a year'
By Helen Warrell, Third Sector Online, 13 March 2008
One large charity is due to be hit with a VAT bill of £300,000 extra each year as a result of one measure in today's Budget, according to the Charity Finance Directors' Group.
Chancellor Alistair Darling’s Budget statement said the Government would remove VAT concessions on staff hire for temporary workers, with effect from 1 April next year. At the moment, UK organisations pay VAT only on the fees charged by agencies that supply temporary staff. Under the new rules, VAT will now...
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