- HM Treasury is launching a 12-week consultation on a new VAT relief for charitable donations
- The relief would apply to donations of low-value household goods to encourage donations from businesses to charities
- Items that would qualify for the relief include hygiene products, second-hand items from hotels, and cleaning supplies
- The relief would not extend to goods donated for charities to use, such as new IT equipment
- The aim of the relief is to eliminate the VAT cost to businesses donating goods to charities
- Further views on the likelihood of the relief being introduced will be provided after the consultation outcome is published
Source: saffery.com
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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