Wednesday, October 22, 2008

Charity Finance | European decisions could spell windfalls for charities

Charity Finance | European decisions could spell windfalls for charities: "Two judgments have been made in the European Court of Justice (ECJ) which could see charities gain by several millions of pounds.

The first increases the likelihood that cross-border EU charitable donations may become tax-deductible, and the second allows sports clubs and associations to claim back at least three years’ VAT charges on subscriptions.

Currently, UK law only allows donations made to a UK charity to benefit from tax relief and many other European states take a similar stance."

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