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READ MORECall for reduced charity VAT rate on purchases to cut £800m bill
There are calls for the government to introduce a new special charity VAT rate on purchases, after a study found charities miss out on almost £2bn a year on irrecoverable VAT.
The research identified that when charities purchase goods and services they pay around £3.1bn in input VAT a year, of which £1.8bn (57%) is irrecoverable.
Read more at Accountancy Daily.
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Call for reduced charity VAT rate on purchases to cut £800m bill
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