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Most small local groups are unlikely to have to pay taxes of any kind. However you may need to register for VAT if you are bringing in and spending more than £58,000 a year (2004/05 figure). If you think this may affect you, get advice from your local CVS and then contact your local Customs and Excise office. They are there to help you and give free advice. If you occupy a building or land you may be liable to pay business rates to your local authority. Registered charities receive a 50% discount by law and many authorities use their discretion to reduce rates to charities to a minimum level. In any event it is always worth asking for a reduction. If you directly employ staff you will have to register with the Inland Revenue for the operation of PAYE. In some areas an organisation such as CVS may be able to undertake payroll operations for small groups at a reasonable charge. In some cases funders will also pay money to a larger 'accountable body' who can keep records and provide accounts and payments for a smaller community group. All content copyright © 1986-2009 BTCV Ltd. Registered charity No. 261009 |
