Bugger me, They got VATed, at last I dont believe it I tried to complain to the VAT man years ago and then there was the North Pennines archaeology something to do with VAT and now read this -is this the first?!!! The mind boggles. Has this been reported elsewhere?
http://www.charity-commission.gov.uk/Acc...31_e_c.pdf
does that mean they are going to try and get their old clients to pay up?
and good luck with this
http://www.charity-commission.gov.uk/Acc...31_e_c.pdf
Quote:
[SIZE=3]PRIOR YEAR ADJUSTMENT[/SIZE]
[SIZE=3]The Trust registered for VAT in 2009. Subsequent to this it has been established that the Trust was obliged to register on the 1st April 1989. [/SIZE]
[SIZE=3]Following negotiations with Her majesty's Revenue and Customs the back dated VAT liability [/SIZE][SIZE=3]payable by the Trust has been assessed and agreed as ?582,600. A time to pay proposal has been agreed with Her Majesty's Revenue and Customs for the Trust to repay E4,250 per month and the outstanding liability as at the balance sheet date was: ?363,944.[/SIZE]
[SIZE=3]The Trust is eligible to invoice its clients for the VAT-only element of the value of the services provided since the 1st April 1989. It has been agreed with Her majesty's Revenue and Customs that the Trust can go back as far as its retained records will allow. This is estimated to be back as far as March 1999.
The balances previous to this are irrecoverable together with a proportion of potential recoverable amounts from March 1999 to the date of actual registration. The outstanding debt has been included as a prior year adjustment.
[/SIZE]
does that mean they are going to try and get their old clients to pay up?
and good luck with this
Quote:PENSION COMMITMENTS
There is currently a 20 year recovery plan in place for the scheme which has been approved by The Pensions Regulator with the aim of eliminating the deficit by July 2027.
Reason: your past is my past