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Charity Law

Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
in Home, Law & Money
Just wondering... If a university raises money for a charity in a student union bar, legally does VAT have to be taken off what is earned?

Last year the previous E&E officer raised money for the Fairtrade Foundation and the students union took VAT... I am just not sure if this is kosha as I don't trust them.

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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    If it is a registered charity then there are certain tax benefits to that, but if it isn't then there isn't.

    It depends. If you sell items on behalf of a charity (such as club night tickets) then AFAIK VAT is payable.
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    Former MemberFormer Member Posts: 1,876,323 The Mix Honorary Guru
    In the UK (unlike in the US) charities are no exempt from paying VAT - if you normally pay VAT on something then you still have to pay it even if you are a charity.
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