Money matters: School for Social Entrepreneurs, VAT on hotel bills and lessons in a new legal form

David Ainsworth's round-up of what's happening in the finance world

A branch of the School for Social Entrepreneurs opened at Dartington Hall, near Totnes in Devon, last week. The training facility, opened by Rolande Anderson, director general of the Office of the Third Sector, will provide 40 days of training tailored to individual students, including one-to-one help from experienced social entrepreneurs. The new school is the 11th opened under the SSE banner.

Charities that provide hotel accommodation or travel for people attending conferences and other events will now have to use a complex VAT accounting scheme called the tour operators margin scheme, according to accounting firm Horwath Clark Whitehill. Charities were previously able to opt out of the scheme, but that privilege was withdrawn by HM Revenue & Customs from 1 January.

Accountancy firm Vantis will run three free half-day seminars on the charitable incorporated organisation legal form in February. For more information on the seminars, held in association with Sherrards Solicitors, email londonevents@vantisplc.com.

Topics:
Finance

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Charity property: could you be entitled to a huge VAT saving?

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When a property is being constructed, VAT is charged at the standard rate. But if you're a charity, health body, educational institution, housing association or finance house, the work may well fall into a category that justifies zero-rating - and you could make a massive saving

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