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| CALL
FOR GROUPS TO GET VAT REBATE ON EVENT "ENTRY FEES" |
15/04/04 |
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The
Charities' Tax Reform Group (CTRG) has called on the government to give
back the VAT taken from fundraising events in which charities pay for guaranteed
places.
A row has been sparked by news that Customs & Excise plans to use little-known
laws to collect VAT from charities which are taking part in the upcoming
London Marathon.
Groups traditionally pay to reserve places in the event, which can then
be given to their own sponsored runners – but Customs claims this
qualifies as paying an "entry fee" subject to VAT. It could cost
those charities taking part up to £5m.
The CTRG is demanding that the government should reimburse this money, and
cites precedents for this in regard to the famous Candle In The Wind CD
for Princess Diana, and Bob Geldof's Band Aid.
Chairman Nick Kavanagh says: "CTRG urges Treasury ministers to demonstrate
their support for this massive charitable endeavour by donating to the charities
affected an equivalent of the VAT they have to pay."
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