[cma-l] Charitable Status

[Two Lochs Radio]

Nick

It may not be easy to sustain a station on much less than £50k total (though we do), but bear in mind that grant and donation income, and wages expenditure are 'non-business' items outside the scope of VAT, so don't count towards the threshold, which is based on your supply of goods and services to others in the course of business. 

Wages are often the largest outgoing for a small community station. It is quite possible to be running a station whose business outputs that are within the scope of VAT are well below the threshold. Equally this is why it is possible for such a station to be a net recipient of VAT repayment.

You are only forced to register for VAT if your supply of goods and services by way of regular business exceeds £70,000 per annum, not your total turnover or ocaasional activities not falling within the meaning of business.

Alex
  ----- Original Message ----- 
  From: Office - ccr-fm 
  To: 'jaqui devereux' ; 'CMA-L' 
  Sent: Tuesday, February 08, 2011 11:31 AM
  Subject: Re: [cma-l] Charitable Status


  Jaqui    n' all

   

  Hey !    I have spotted something here .... of course the discussion is about V.A.T. ..... and Jaqui mentions the extra admin and the hassle (we should be all use to it by now anyway)        but, the interesting fact is this  (as Rolf Harris would say ''have you guessed what it is yet?)                  Jaqui mentions ''near the threshold or not''                  my observation is this ......... if you ain't anywhere near the threshold and trust me ..... this last 12 months we have really slipped away from that threshold may I ask the question ?

  WHEN ARE YOU HOLDING YOUR CLOSING DOWN SALE ?

   

  If you catch my drift?

   

  How does anyone survive on less than at least fifty five grand ....... here lies our problem ......... We operated this year on about £48,000 and now we are in the proverbial. We know the illnesses and the symptoms, but the DCMS doctor won't prescribe any medicine ........ I think it's a case of ''go and have a lie down, you'll be OK in a week or two''                            no we won't Mr Doctor ..... We're dying !

   

  Croak croak gulp gulp ...... ''Help !''

   

  Regards

   
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