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Charity Information
Financial Information For Charities
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Many charities trade, either as a fundamental part of their charitable activities or to raise funds. The tax implications of trading are different for direct taxes (Income Tax and Corporation Tax) and VAT.
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Your charity will not pay tax on profits it makes from trade if: you’re making money to help your charity’s aims and objectives, known as ‘primary purpose trading’.
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Any business including a charity that makes taxable sales in excess of a set figure (which is known as the Vat Registration threshold) must register for VAT. Click on the link below to find about how VAT affects charities and all matters of how Vat affects charities.
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