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20 Mar 2008
Charities, banks and other groups who hire temporary workers are facing a hike in VAT payments, following the withdrawal of a concession in the Budget.
Agencies are campaigning against the change, which prevents organisations recovering costs tied to the recruitment of temps.
The Budget decision means that only VAT-rated businesses will qualify for relief from April next year.
That means much of the not-for-profit sector, as well as financial services groups, will lose the benefit, worth £125m a year to business, The Telegraph reported.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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