Availability of Charity Tax Reliefs and Exemptions
Charities in the UK are entitled to various tax reliefs and exemptions. Still, many organisations miss out on these benefits due to a lack of clarity in the rules or incomplete records. At My Tax Consultants, we provide expert guidance to ensure your charity fully accesses all available tax reliefs, from Gift Aid to VAT and business rates reliefs.
Gift Aid and Income Tax Reliefs
Gift Aid allows charities to claim 25p for every £1 donated by a UK taxpayer, significantly boosting donations. However, ensuring eligibility, maintaining proper records, and submitting claims correctly are essential to avoid issues with HMRC.
At My Tax Consultants, we guide charities through the Gift Aid claim process, offering support with:
- Setting up robust record-keeping systems
- Processing claims in line with HMRC requirements
- Maximising charitable donations tax reliefs for donors
We also ensure that your charity remains compliant while increasing the potential of your donation revenue.
VAT and Capital Reliefs
VAT can be a barrier for charities, but several reliefs apply to specific goods and services, including construction, advertising, medical, and educational supplies. We assist charities in identifying VAT exemptions and guiding them through the claim process.
Our services include:
- VAT eligibility checks: Helping you identify where VAT reliefs apply
- Capital expenditure reliefs: Assisting with zero-rating on new charitable buildings
- VAT refunds: Maximising potential VAT repayments on relevant costs
We also ensure your charity doesn’t miss out on these valuable savings and provides the necessary documentation for HMRC submissions.
Business Rates Relief for Charities
Most UK charities qualify for at least 80% business rates relief, and many local authorities offer additional discretionary relief for the remaining amount.
At My Tax Consultants, we support charities with:
- Preparing and submitting business rates relief applications
- Verifying qualifying premises usage
- Liaising with local councils on your behalf
This service helps charities reduce operating costs and ensures they meet the necessary requirements to receive relief from business rates.
Property and Trading Exemptions
Charities that own land or buildings may benefit from property exemptions, particularly related to income from lettings or capital gains. We help charities assess whether they qualify for these exemptions and guide them through the necessary processes.
Additionally, we assist with:
- Tax exemptions on trading income: Ensuring income from trading activities is exempt where applicable
- Property use reviews: Identifying potential eligibility for property-related tax reliefs
We also help charities navigate the complexities around trading subsidiaries and income generated from property and investments.
Getting the Reliefs You’re Entitled To
Every charity tax relief comes with specific qualifying rules. Our team ensures that no potential claim is overlooked, helping you access all the reliefs available to your charity.
We assist with:
- Gift Aid claims and record-keeping
- VAT relief eligibility checks
- Property and land use reviews
- HMRC tax exemption registrations
- Business rates applications and appeals
- Supporting documents for audits and enquiries
With My Tax Consultants, your charity will be well-positioned to benefit from tax reliefs and exemptions, saving funds for the work that matters most.
Book a Charity Tax Review
If you’re unsure which charity tax reliefs and exemptions apply to your organisation, reach out to My Tax Consultants. We’ll review your current structure and advise where claims can be made, ensuring you take full advantage of the available benefits.
