CIC Association

Serving Community Enterprise

Liz Llewellyn- Rees
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Liz Llewellyn- Rees posted a blog post

A client recently asked me if grants subject to VAT?

Here is what we found out. We hope you find this helpful.This is a question frequently asked by clients who receive grants of over £85,000 (currently the VAT registration threshold) and wonder if they must register for VAT. There is no definitive guidance on this complex area. Grants are generally outside the scope of VAT unless there are actually a payment for something such as services. When we say they are outside of the scope of VAT they can be ignored in calculating whether the VAT…See More
Mar 31
Liz Llewellyn- Rees commented on Heidi Fisher's group Accounts Group
"Hi there I just wanted to let you know that I run a business providing accountancy services exclusively to CIC’s and other social enterprises. This is called Social Enterprise Accounts CIC and it’s website…"
Dec 28, 2020
Liz Llewellyn- Rees joined Heidi Fisher's group
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Accounts Group

For any accounting related queries, including accounts software package questions, grants and trading income treatment, HMRC or Companies House queries/issues, tax reliefs for CICs, links to useful finance information etc
Dec 28, 2020
Liz Llewellyn- Rees commented on John Mulkerrin's group South West
"Hi there I just wanted to let you know that I run a business providing accountancy services exclusively to CIC’s and other social enterprises. This is called Social Enterprise Accounts CIC and it’s website is…"
Dec 28, 2020
Liz Llewellyn- Rees joined John Mulkerrin's group
Dec 28, 2020
Liz Llewellyn- Rees is now a member of CIC Association
Nov 19, 2020

Profile Information

What is your postcode?
PL3 5NS
Name of organisation (if any) you are associated with?
Social Enterprise Account CIC
Is that organisation a CIC?
Yes
If you have a website, what is your web address?
http://www.socialenterpriseaccounts.co.uk
Are you interested in representing a CIC at the CIC Association AGM?
No
Are you interested in working in partnership with the CIC Association?
Yes

Liz Llewellyn- Rees's Blog

A client recently asked me if grants subject to VAT?

Here is what we found out. We hope you find this helpful.

This is a question frequently asked by clients who receive grants of over £85,000 (currently the VAT registration threshold) and wonder if they must register for VAT.…

Continue

Posted on March 31, 2021 at 14:59

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