The Charity Tax Group and @CFGtweets have submitted Budget representations to @hmtreasury calling for an improved tax system for #charities in the aftermath of Brexit and COVID #charitytax 1/ https://t.co/mCiCpSQj2g
Existing charity tax reliefs should be protected & tax compliance and administration simplified. Protecting existing business rates & VAT reliefs is crucial as is future-proofing tax systems and legislation #charitytax #budget2021 2/
COVID-related support measures, such as the #JobRetentionScheme, #ExpandedRetailDiscount & temporary #5percentVAT rate on hospitality, hotel & holiday accommodation and admissions have helped many charities * should continue where possible while lockdown restrictions continue 3/
We call on Government to review the structural distortions caused by the VAT system resulting in significant #irrecoverableVAT for #charities. We also call on the Government to protect VAT reliefs and exemptions in the aftermath of Brexit #charityvat /4
We call on the Government to protect #charity #businessrates relief in England (worth almost £2bn) following the recent “Fundamental Review”. Compliance measures are important but should be targeted and proportionate #budget2021 /5