Market leading insight for tax experts
View online issue

Charitable Trading

Sarah Campbell and Barry Stocks of PKF (UK) LLP examine the tax effects of charity trading activities
With ever more competition for donors' attention and an increasing need to develop new and imaginative fundraising ideas too often charities begin new types of activities without first identifying whether or not there is a direct tax or VAT impact. Often charities do not recognise that their activities are regarded as trading for the purposes of income tax or corporation tax or that certain types of income are subject to VAT. Although the Inland Revenue and HM Customs & Excise have recently merged to form HM Revenue & Customs (HMRC) there are currently no joined-up tax rules and charities frequently encounter different rules for direct tax and VAT issues. In this article we...

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.