Do we need a subsidiary to run a raffle?

Answered 3 Mar 2008 by c.cattell
We are a small charity supporting bereaved children in Berkshire. We need to raise £165,000 each year to maintain the current service. We fundraise regularly through community giving and events. We have a ball coming up in May and will be seeking auction/raffle prizes. I'm aware there is a tax issue if an item is purchased over £250? We do not have a trading company - should we have one, what are the advantages or disadvantages?

To view the full item you must:

Login

with your Networks Online username and password.

If you are not a subscriber, register your interest in Experts Online.
TAGS:


Please note that Experts Online is designed to provide guidance in good faith at the stated date, but without accepting liability. In individual circumstances it may be necessary to seek professional advice.
EOL logo
Experts Online - a service of Networks Online
This attribution must not be removed.
© Networks Online 2009

Expert profile

c.cattell's picture

Mini biog

Charlie Cattell is a specialist in legal and governance matters relating to social enterprises, charities and voluntary organisations, assisting a wide range of groups with legal structures, organisational management, and regulatory issues.