TaxPersonal TaxVAT exemption boost for London marathon

VAT exemption boost for London marathon

Next Sunday's London marathon should be able to raise even more money for charity after new taxbreaks were granted.

Link: VAT bill harms charities

Charities traditionally buy 15,000 ‘golden bond’ places in the race for around £300 each and set sponsorship targets for runner with these bonds of between £1,500 and £2,000.

In previous years charities have been exempt from paying VAT only up to the target amount, but from this year whatever is raised will be free of VAT.

£36m is expected to be raised during this year’s run around the capital, The Daily Telegraph reported.

Related Articles

Rent-a-room relief – the survey says…

Personal Tax Rent-a-room relief – the survey says…

1m Helen Thornley, ATT Technical Officer
What should the OTS prioritise in its review of inheritance tax?

Personal Tax What should the OTS prioritise in its review of inheritance tax?

3m Alia Shoaib, Reporter
LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

4m Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

5m Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

6m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

6m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

8m Alia Shoaib, Reporter
Italy grants first successful non-dom status application to former UK non-dom

Personal Tax Italy grants first successful non-dom status application to former UK non-dom

9m Emma Smith, Managing Editor