- ICAEW supports a new VAT relief for business donations of goods to UK registered charities.
- The relief removes output VAT on donated goods valued at £100 or less, or £200 for certain essential electrical items.
- Only registered charities qualify; other entities like social enterprises are excluded unless they register as charities.
- The measure starts on 1 April 2026 and will be included in the Finance Bill 2025-26.
- Further implementation details will be provided by HMRC.
Source: finance.yahoo.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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