Finance

Charity Commission’s Internal Financial Controls Checklist for charities

The questions in this checklist are designed to help charity trustees and their advisers evaluate the charity’s performance against the legal requirements and good practice recommendations set out in the commission’s guidance on internal financial controls for charities. Trustees should review their charity’s performance at least once a year.

Internal financial controls for charities (CC8)

Factsheet 19: Charities and VAT

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Value Added Tax (VAT) is governed by very complicated legislation. It is presently administered by HM Revenue and Customs. They have long defended their right to view each organisation on its own merits. As such it is difficult to give specific advice to the voluntary sector. Here we aim to give a brief general overview of VAT and how it may affect your organisation.