HM Revenue & Customs has made it easier for charities that run fundraising events to comply with its upcoming digital reporting requirements.
The department has added a new section to its Making Tax Digital VAT notice, relaxing the requirement for charities to use digital links when reporting on fundraising events. Some organisations with a turnover of more than £85,000 already have to comply with MTD requirements for VAT returns.
However, charitable trusts, unincorporated charities and those in a VAT group do not need to comply until October, when there will be a 12-month “soft landing period”.
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