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<p>A public interest body is a non-profit making body which has objects that are in
the public domain and are of a political, religious, patriotic, philosophical, philanthropic
or civic nature. Examples include: trade unions, professional associations and learned
societies. Supplies from such bodies to their members are VAT exempt when no payment,
other than a subscription fee, are payable for them providing that they are referable
to the aims of the organisation.</p><p> </p><p>VAT is a broad-based tax on consumption,
and the standard rate of 20 per cent applies to most goods and services. While there
are exceptions to the standard rate, these are strictly limited by domestic law as
well as by fiscal considerations.</p><p> </p><p>At present, there is no specific VAT
exemption for the community radio sector or relief available for radio broadcasting
more generally, and there are no plans to review this at this time.</p><p> </p><p>The
Government recognises the social and cultural contribution that community radio stations
make to the wider community. It therefore committed £430,448 to fund grants to help
further the financial stability and future sustainability of community radio stations
in 2019/20. Further information on the Community Radio Fund scheme and application
process is available on the website of Ofcom.</p>
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