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Post Info TOPIC: VAT Excemption
Julie


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VAT Excemption
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Hi Everyone,

Hope this is not a really silly question - but - are there any business which are excempt from VAT such as care homes ?? 

Thanks,

Julie

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kjmcculloch


Guru

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Julie,

Take a look at: http://www.hmrc.gov.uk/vat/managing/reclaiming/partial-exemption.htm

If you only supply exempt goods such as:

insurance, finance and credit
education and training
fund raising events by charities
subscriptions to membership organisations
selling, leasing and letting of commercial land and buildings - but this exemption can be waived

Then you are exempt.



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Kris McCulloch 
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Damo8604


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Welfare services that are provided by charities such as care homes are VAT exempt, however you must be a 'not for profit organization' in order to fall into this category. I would look on the HMRC website for further details smile.gif

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Julie


Senior Member

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Date:
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Thanks guys,

As always, very helpful.

Julie

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