Factsheets

Not-for-Profit (NFP) organisations may have VAT obligations, albeit that they may be considered tax exempt from a direct tax perspective. As a result, it is essential to manage and mitigate your VAT costs and possible exposures.

Directors of NFPs and charities, by virtue of their function, carry a heavy burden of duties, obligations and responsibilities in the management of their organisations. The ever increasing influence of law and regulation in that process, some directly impacting on the manner in which they carry out their duties, makes it essential that they equip themselves with a clear knowledge of how it affects both them and the organisation they serve.