VAT For Town & Parish Councils

Normally, Town and Parish Councils do not face tax implications.

 

However, while special rules apply and many councils are not VAT registered, the risk of paying the tax remains.

 

When working on certain projects, such as purchasing premises, arranging lettings, or providing recreational facilities, the hidden dangers of VAT can strike unexpectedly.

 

All too often, the false belief that VAT is reclaimable “no matter what” can leave councils facing large tax bills they cannot recover and debts they are unable to repay.

Understanding the implications of such tasks is complex and time-consuming.  So, at DCK, we recommend every council consults with us before committing to large projects.

 

There is also a requirement for Town and Parish Councils to undertake an annual exercise to calculate their VAT Partial Exemption position.  We have extensive knowledge in this area and are able to undertake this work if required.

 

We can advise you on any possible risks and guide you towards the right outcome for your council.

 

DCK Accounting Solutions Ltd

Unit 1 ● Uffcott Farm ● Uffcott ● Swindon ● Wiltshire ● SN4 9NB

Tel: 01793 739 110 ● Fax: 01793 731 550

admin@dckaccountingsolutions.co.uk

 

 

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