Revolutionizing Charitable Donations: Proposed VAT Relief for Everyday Goods

• The government will launch a consultation on VAT relief for regular charitable donations before 23 July 2024
• The proposed VAT relief aims to encourage businesses to donate everyday items to charity
• The relief will reduce the financial burden of philanthropy for companies
• The consultation will explore introducing a UK-wide VAT relief for low-value household goods donated to charities
• Industry leaders have responded positively to the proposed VAT relief
• The relief will exclude goods donated for the charity’s own use to prevent VAT evasion

Source: deeksvat.co.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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