Joining me on this episode is Ross Palmer, of Sayer Vincent LLP. Ross. a tax advisor to charities and not-for-profits shares his professional journey from audit to tax advisory.

We delve into value added tax (VAT) and Ross provides clear explanations of various VAT considerations including reverse charge VAT and partial VAT recovery. He also talks about the gift-aid relief scheme, business rates and stamp duty.

Ross provides responses to some VAT scenario-based questions.

This episode is a lesson in nonprofit VAT, so be sure to listen to the full episode.

KEY TAKEAWAYS

• Understanding the specific needs and compliance issues faced by nonprofits is crucial in tax advisory work.
• Reverse charge VAT is a complex area that arises when buying services from overseas suppliers.
• VAT recover ...