Partner, SOC VAT Consultants
Socrates’ VAT experience exceeds 20 years. Before starting SOC VAT Consultants, he spent nearly 5 years as a senior manager at PricewaterhouseCoopers in London. As part of the Middle Markets team, he advised middle to multi-national sized clients in a variety of sectors. His work included advising on issues such as land and property transactions, partial exemption and business/non-business methods, international services and supplies of goods, finance and cash flow planning. He specialised in servicing charities and other not-for-profit organisations and was the head of the National Charities and Not-for-profit VAT team which included housing associations.
At SOC VAT, Socrates has continued to advise businesses in the Charity and Not-For-Profit sector and this makes up around 70 per cent of the company’s client portfolio. In addition the business has built up a portfolio of other practices which do not have an in house VAT specialism and hence use SOC for support.
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Keep up with the charity taxation landscape as we cover a wide range of VAT issues such as memberships, sponsorships, contracts, trading and listed buildings as well as employment and corporation taxes, gift aid and cost-sharing exemptions.
Charities that have IT staff on joint contracts with an external supplier may have to pay more VAT following a recent VAT tribunal decision.
The Charity Tax Group is hoping to hear this month whether HMRC has changed its mind about proposed changes to VAT rules on building work which experts have warned could be “very costly” to the sector.
Charities would suffer from lower incomes if trustees were to be paid, warns VAT specialist Socrates Socratous, commenting on Lord Hodgson's claim last week that payment of trustees was inevitable.
This one-day technical conference provides you with expert direction, clarification and money-saving guidance so you can formulate a winning tax and VAT strategy for your organisation. Faced with the challenge of staying up-to-date with continuously changing legislation and minimising VAT and tax contributions whilst avoiding the many pitfalls, even experienced charity managers will benefit from a day reviewing and refreshing knowledge across a broad range of issues.
HMRC's new dispute resolution service would instil more confidence if the facilitators were independent, says Socrates Socratous.