They are typically used to spread wealth throughout the family or as inheritance tax efficient vehicles.
Family wealth preservation using a Family Investment Company
Published on 23rd February 2017
Updated on 10th August 2023
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There are a series of reliefs available to them enabling them to pay less or even no VAT. This can assist with cash flow for those charities which can recover the VAT they incur since they don’t have to pay the VAT and then wait to get it back again later on.
Charity VAT – Am I claiming all my reliefs?
Published on 30th January 2017
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One thing we come across many times is that charities don’t want to get involved with VAT and so deliberately try to avoid being seen to be in business. Whilst understandable because the compliance cost can be high and the potential for penalty worrying in the case of error, there can of course be advantages.
Charity VAT – Are you in business?
Published on 27th January 2017
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“Is my income a grant or a fee?” is a common question we get asked. Clearly, a simple grant is outside the scope of VAT so there is no VAT to concern yourself with but where there is a fee, VAT may well be due.
Is my income a grant or a fee? Charity VAT and Grants
Published on 26th January 2017
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The thing that might really put a £90,000 Porsche (or something similar) on a company director’s horizon is the fact that the company can potentially claim 100% of the purchase price against its Corporation Tax liability in the year of acquisition.
Do hybrids and ultra low emission vehicles provide a short-term tax saving opportunity?
Published on 19th January 2017
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