Normally, Town and Parish Councils do not
face tax implications.
However, while special rules apply and many
councils are not VAT registered, the risk of
paying the tax remains.
When working on certain projects, such as
purchasing premises, arranging lettings, or
providing recreational facilities, the
hidden dangers of VAT can strike
unexpectedly.
All too often, the false belief that VAT is
reclaimable “no matter what” can leave
councils facing large tax bills they cannot
recover and debts they are unable to repay. |