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
