- Charity fundraising exemption allows charities to avoid adding VAT to fundraising income
- Criteria for exemption are restrictive and must be applied correctly
- Qualifying event must be a one-off fundraising event organized primarily to raise funds for a charity
- Examples of qualifying events include balls, concerts, fairs, auctions, and more
- Limit of 15 events of the same kind at one location per financial year for exemption
- Zero rating applies to sales of donated goods at fundraising events
- Monitoring of events and planning is necessary to ensure exemption eligibility
- Definition of a charity can cause difficulties in determining eligibility for exemption
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.
