Gas prices have risen rapidly this year, largely due to the conflict in Ukraine which has reduced supplies of Russian gas. You may, now, be looking at ways to face this winter financially and prepare for those additional expenses.
Charities registered with HM Revenue and Customs (HMRC) are entitled to a reduced Value Added Tax (VAT) charge of 5% on their energy bills. As a charity, you must register for VAT with HMRC if your VAT taxable turnover is more than £85,0001. If your charity is not currently recognised as such by HMRC, and is VAT registered, you can apply for recognition online on the following link: https://www.tax.service.gov.uk/register-charity-hmrc/check-eligibility/register-the-charity.
Source Mondaq
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