Charity Investment Conference 2012
15 Oct 2012
VAT director, PKF (UK) LLP
Debbie specialises in not-for-profit, public sector, regeneration, real estate and construction as VAT director at PKF. She has nearly 20 years experience in VAT consultancy, starting her career working for HM Customs and Excise (HMRC).
She recently spent over eight years working for an accountancy practice where she spent the majority of her time advising charities and not-for-profit organisations, and advising on public/private partnering projects.
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Ellie Gamble and Debbie Jennings explain how employers can use a salary sacrifice scheme to benefit both the employee and the employer.
Debbie Jennings discusses a case that has been referred to the European Court of Justice which could result in VAT savings for common investment funds.
There has just been a surprising yet welcome decision from the First Tier Tax Tribunal on a VAT default surcharge case. The default surcharge regime applies tax-based penalties (2 per cent, 5 per cent, 10 per cent, then 15 per cent) for late submission and/or payment of VAT returns. Penalties are not mitigated if the return is late by only a day or two.
Two little-known VAT concessions on land and property are to be radically amended by HMRC this year. Broadly speaking, these concessions are of benefit to a property owner who is charged VAT on the purchase of a property, is initially denied VAT recovery because he treats the rent as exempt, but decides later to opt to tax the building.
Charities’ VAT recovery will be reduced if the European Commission succeeds in a demand that ‘non-taxable companies’ be excluded from joining VAT groups.
Voluntary organisations that are facing heightened demand for their services and yet suffering from cashflow shortfalls due to the recession will be able to apply to a new £20m grants fund announced by the government in today’s Budget.
Debbie Jennings offers some tips on VAT and tax planning for tough times. It seems that the only topic on everyone's mind at the moment is the economic downturn or credit crunch. Organisations in all sectors, including charities, are looking at ways of cutting their costs and improving cashflow, and VAT and tax planning can offer a surprising variety of opportunities in this area.
The saga of whether a charity is in business for VAT purposes continues to rumble on with the VAT tribunal decision in the case of Quarriers.

15 Oct 2012
15 Oct 2012
15 Oct 2012
19 Nov 2012