Charities & VAT

By Emma Crawford

Charities and VAT    VAT Registration Charities are not exempt from VAT, as with all non-charitable organisations, if its VATable sales exceed the VAT threshold (currently £85,000), a charity must register for VAT with HMRC.   Alternatively, if its sales are below the threshold, a charity can still choose to register for VAT in order to…

Fifth Self-Employment Income Support Scheme (SEISS) Grant

By Emma Crawford

Fifth Self-Employment Income Support Scheme (SEISS) Grant The Fifth SEISS grant differs from the previous grants given in that the amount of the grant will be calculated by looking at the reduction in turnover in the year 2020-21 in comparison to turnover before the pandemic. If HMRC believe you are eligible to claim the grant,…

Making Tax Digital (MTD)

By Emma Crawford

Making Tax Digital (MTD) What is MTD? Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs. HMRC’s aim under MTD is to join up their internal systems and create one account for each…