Friday, May 06, 2005

ThirdSector UK

ThirdSector: "Donating by text to stay VAT-free
HM Revenue & Customs has quashed speculation that donations to charities by text message could be subject to VAT.

It had been rumoured that VAT would be due on text message donations because the process was a service provided to charities.

But HMRC has confirmed that VAT will be paid only on the charge levied by the telecoms company for providing the text message service. This will be about 25 per cent of the charge for each SMS pledge. "

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