Loaded: Tue, 29/11/2011 - 16:42
As part of the Chancellor's autumn statement, the government has confirmed it will introduce a VAT exemption for VCS organisations that wish to share back-office services, removing the additional VAT charge that can arise when some organisations collaborate. The exemption will apply to services shared between VAT exempt bodies, including charities and universities. A requirement that charities who want to share services must set up a separate legal entity to do so was opposed by the sector but has been retained in the government proposal.