Funding news

Tax ruling could boost charities - Wednesday 24 May 2006

Charities and other not-for-profit organisations could recover significant amounts of lost VAT following a series of legal challenges.

HM Revenue & Customs is imminently expected to lose a second court case in four months on the issue of a time cap imposed on recovering VAT incurred before 1997.

It has already lodged an appeal with the House of Lords, and the issue could eventually go the European Court of Justice.

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