ThirdSector: "Finance News: Fines threat from new VAT rules
Charities could face fines by HM Customs and Excise unless they declare their efforts to avoid paying VAT.
Accountants Deloitte & Touche are warning that charities may fall foul of draconian new regulations aimed at clamping down on tax avoidance because they are not aware that they apply to them.
'Most charities would say that they don't go in for tax avoidance,' said Tony Jaras, head of the charity VAT team at Deloitte & Touche. 'But the new rules are so widely drawn that many could easily find themselves in trouble for what they thought was just good financial housekeeping. "
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