Report from the PKF team of Richard Wild, Anne-Marie Boden, Sarah Campbell and Jim Gempton, with Richard Bray of Cancer Research UK
Charity mergers
As increasing numbers of charities are struggling to maintain income flows it is no surprise that many are investigating the idea of merging with like-minded competitors to preserve the services they provide by cutting costs or even to expand their operations. As with mergers in other sectors some will be a genuine fusing of the organisations into a new charity while others may be more like a rescue or take-over exercise. Whatever the operational outcome the tax pitfalls and opportunities need to be identified well in advance to help assess the financial benefits that the merger could deliver.
The VAT issues on a merger
Mergers and acquisitions always give rise to a large number of VAT issues. Some are a...
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Report from the PKF team of Richard Wild, Anne-Marie Boden, Sarah Campbell and Jim Gempton, with Richard Bray of Cancer Research UK
Charity mergers
As increasing numbers of charities are struggling to maintain income flows it is no surprise that many are investigating the idea of merging with like-minded competitors to preserve the services they provide by cutting costs or even to expand their operations. As with mergers in other sectors some will be a genuine fusing of the organisations into a new charity while others may be more like a rescue or take-over exercise. Whatever the operational outcome the tax pitfalls and opportunities need to be identified well in advance to help assess the financial benefits that the merger could deliver.
The VAT issues on a merger
Mergers and acquisitions always give rise to a large number of VAT issues. Some are a...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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