Funding news

Revenue objection could see VAT refunds slashed - Wednesday 7 June 2006

A massive VAT windfall for the charity sector could be cut in half because of objections by HM Revenue & Customs.

The Children's Society won a landmark court case last August that paved the way for it to recover large amounts of VAT on fundraising costs.

The sector anticipated the return of tens of millions of pounds in tax, with some charities putting in claims of £20m each.
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