- Consultation on VAT relief for everyday charitable donations to be launched before 23 July 2024
- Currently, firms do not pay VAT on donated goods sold on, but must pay VAT if goods are distributed for free
- Proposed VAT relief aims to encourage businesses to donate everyday items to charity
- Donations that could be included in the relief may include hygiene items, second-hand hotel items, and cleaning supplies
- Various organizations and industry representatives welcome the consultation and hope for a meaningful change to boost charitable work
- Proposed VAT relief will lower the cost of generosity for businesses and incentivize corporate social responsibility
Source: gov.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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