VAT News July 2010
The government should consider funding charities on "the same basis that the government funds itself", according to Prime Minister David Cameron.
The Prime Minister was responding to a question from Bob Russell, the Liberal Democrat MP, during Prime Minister's question time in the House of Commons. Russell asked whether he would discuss with the Treasury how the planned increase in VAT from 17.5 to 20% could be refunded to voluntary organisations.
The Prime Minister said "We will want to do everything we can to help what should be the first sector (in my view)".
At present, the government refunds VAT paid by local authorities and central government departments. Charities have campaigned for many years to receive the same VAT treatment.
This is an important and very positive step by the Prime Minister. We will follow the progress of this with great interest.
Contact:
Edinburgh
Scott Craig: scott.craig@scott-moncrieff.com
Alan Glen: alan.glen@scott-moncrieff.com
Iain Masterton: iain.masterton@scott-moncrieff.com
Tel: 0131 473 3500
Glasgow
Greg McNally: greg.mcnally@scott-moncrieff.com
Anthony Cochrane: anthony.cochrane@scott-moncrieff.com
Tel: 0141 567 4500