Nirjala Karki

A group structure exists when two or more companies are linked by common ownership, with each remaining a separate legal entity with its own accounts and tax return.

A qualifying fundraising event receives a mandatory VAT exemption under Group 12 of Schedule 9 to the Value Added Tax Act 1994 (VATA 1994). A charity cannot elect to charge VAT instead.

Not sure if your savings interest must be reported to HMRC? Learn when you need to declare it, key thresholds, and how to stay tax compliant.