Does our Arts Council grant mean we have to register for VAT?

Answered 23 Dec 2007 by d.head

Hi, I'm trying to work out whether I need to become VAT registered before the end of the year.

I am right up to the £60k turnover, however part of this (£24k) is an Arts Council award. I hear different views on whether this needs to be included in turnover or not (I was told by one ACE funded organisation that they weren't VAT registered because the majority of their funding was through grants not income or private funds).

Could you provide me with a definitive answer please!

Many thanks



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 2008

Expert profile

d.head's picture

Mini biog

David Head MBA is an experienced manager with knowledge of both the commercial and voluntary sectors. Over 20 years managing teams of various sizes has given him plenty of practical experience to back up his study of employment law and management theory.