VAT Treatment of top slicing on grants – Fake News or Issue of Concern?

What started as an article in FE News about HMRC starting to challenge the sector on the VAT treatment being applied to monies top sliced from grant funded projects; which then was undermined as being apparently without substance; seems now to have been taken up by HMRC as a point of interest due to the concerns it raised.

There have even been webinars on the issue. What is clear is that there is a potential disparity in VAT treatment being applied. Now that difference may be justified, as VAT is very much determined on the facts of the transaction, but there is a sense of some concern from the sector over where this may lead.

It’s a topic area that will be covered at our VAT Forums in June for Universities and Colleges so do book in to the relevant sector Forum to attend and learn more. VAT Forum Events

Centurion VAT offer an independent and expert source for VAT advice. Based in Wales we work across the UK and have overseas clients who need VAT advice and support when setting up in the UK. VAT advice for organisations who find themselves at an unfortunate juncture with UK VAT for whatever reason, is where we help out. VAT sensitive sectors such as Universities, Further Education Colleges, Housing Associations, Charities and Corporate businesses where VAT can be a real cost are where we specialise. Exporters under challenge from HMRC on Export Evidence; a Property development where VAT Exempt activities are complex; a Local Authority or a Leisure or Cultural Trust – whatever your sector, when you need to get expert VAT advice Centurion is where you’ll find it.  

An award-winning VAT team is what you’ll find at Centurion – evidence of the quality of our VAT advice and service can be showed by our long term retention of clients. Whatever your VAT issue – BREXIT, Making VAT Digital, Partial Exemption or Property then do make contact, with a call or email emailus@centurionvat.com

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