Over 9,000 charities will today share a rebate of £3.37 million secured by online fundraising service JustGiving after it successfully challenged HMRC over whether VAT should be paid on transaction fees on donations.The money will be received by charities that raised funds online using JustGiving between 1 September 2004 and 31 December 2010. They do not have to remain JustGiving members now in order to receive their share of the rebate.JustGiving began its challenge to HMRC in September 2007 who conceded the point three years later. Consequently JustGiving stopped charging VAT on transaction fees on 1 January 2011. It has taken 18 months to agree the amount of rebates that were due to charities.The change applies to all providers of online fundraising services, meaning that they do not have to charge VAT on transaction fees either. JustGiving on the other hand acknowledge that the change will increase its own costs by about 6% in that it won’t be able to reclaim the VAT on its costs in full.Anne-Marie Huby, Managing Director for JustGiving, said: “We are proud to have achieved this change for the benefit of all charities using online fundraising platforms.”JustGiving will be rebating the sum it has received from HMRC, less the professional fees it has incurred in making the challenge. The net sum to be received by charities is £3,368,019.83.www.justgiving.com Tagged with: Digital Finance HMRC Justgiving Law / policy 43 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis JustGiving’s tax win nets £3.3m for charities Howard Lake | 13 June 2012 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.
Facebook Local NewsUS NewsWorld News Pinterest Twitter WhatsApp Previous articleWashington shuts down California late for 62-51 victoryNext articleSam Burns holds his own on a tough, windy day at Riviera Digital AIM Web Support Twitter WhatsApp Facebook By Digital AIM Web Support – February 21, 2021 Cyprus activists: Hunters’ lead pellets threaten flamingos TAGS Pinterest Petros KaradjiasA flamingo stands at a salt lake with the Hala Sultan Tekke Mosque in the background, which was built between 1760 and 1796, in the southern coastal city of Larnaca, in the eastern Mediterranean island of Cyprus, Sunday, Jan. 31, 2021. Conservationists in Cyprus are urging authorities to expand a hunting ban throughout a coastal salt lake network amid concerns that migrating flamingos could potentially swallow lethal quantities of lead shotgun pellets.
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