Civil Society: VAT
Commons · Question 25687 · Tabled 22 Jan 2025 · Treasury · Official record
Answered 30 Jan 2025
Question
Asked by Melanie Onn
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential merits of introducing VAT exemptions for (a) small charities and (b) volunteer organisations.
Answer
Answered by James Murray, 30 Jan 2025
VAT is a broad-based tax on consumption and the 20 per cent standard rate applies to most goods and services. VAT is the UK’s second largest tax forecast to raise £171 billion in 2024/25. Taxation is a vital source of revenue that helps to fund vital publ...