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ICAS supports UK’s proposal on VAT relief for charitable donations
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ICAS supports UK’s proposal on VAT relief for charitable donations
The Institute of Chartered Accountants of Scotland (ICAS) has responded to a joint consultation by UK’s HMRC and HM Treasury regarding the extension of VAT relief to business donations of goods to charity. The current VAT relief is limited to goods sold by charities, and the proposal aims to include goods donated for charitable use or onward giving. In its response, ICAS has supported and highlighted the necessity for a relief system that bala…
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