What are the advantages of being a charity?

  • You are eligible for some reliefs on taxation.
  • You gain some kudos by being registered; this may make some grant funds more accessible.
  • Some charitable trusts will only give funding to registered charities.
  • You can reclaim Gift Aid on donations accompanied by a signed declaration.
  • You are eligible for some VAT relief on certain purchases (whether you are VAT registered or not).  For more information, please request a WYCAS Good Practice Guide on this subject.

Posted in: Regulation: Charities, Companies, HMRC etc

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Stringer House, 34 Lupton Street, Hunslet, Leeds, LS10 2QW | Charity Number 1076962 | Company number 3721361