|4 Jun 2021|
|Charity Sector News|
The Charities VAT Compensation Scheme aims to reduce the VAT burden on charities and to partially compensate them for VAT paid in the day-to-day running of their organisations. Revenue is at present accepting claims under this scheme in respect of eligible VAT paid in 2020.
Charities are strongly encouraged to submit their claims as soon as possible and ensure they follow Revenue guidance on the calculation of qualifying and non-qualifying income. Please note that 2021 is a critical year for the continuation of the scheme.
This is a reminder to charities that the closing date for submission of claims for the VAT Compensation Scheme is 30 June 2021. It is not possible for claims to be submitted after that date.
Claimants should familiarise themselves with the qualifying criteria for the scheme before submitting a claim.