Legal Update from Russell-Cooke Solicitors

Please see the following article from Russell-Cooke Solicitors regarding the VAT implications of a funding agreement.

15/04/13 - Grants vs contracts (33.0 KB)

Most people within the charity sector are aware of the general shift in government funding from grants to the award of contracts. Many, however, remain unaware of the implications of such change. Whether a legal agreement is a grant or a contract, and the implications that may have for VAT purposes, remains confusing. 

In this article Andrew Studd highlights some of the issues one needs to think about in trying to identify the VAT implications of a funding agreement.

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13:45, 16 Apr 2013 by Zainab Sati