Six-month delay for 20 per cent tax on direct mail fundraising

Six-month delay for 20 per cent tax on direct mail fundraising: "Changes in the VAT rules around direct mail fundraising which would have cost the charity sector tens of millions of pounds a year will not now be introduced until April 2015, the Charity Tax Group has said.

Earlier this year, HM Revenue & Customs said that “single-sourcing” contracts for direct mail should be standard-rated for VAT, meaning that charities would have to pay an extra 20 per cent on printing and production. Charities and suppliers had previously believed these contracts should be zero-rated for VAT."



'via Blog this'