Irrecoverable VAT#

As the amount of VAT paid by charities is a hot issue at the moment we would like to try and collect any amounts of VAT paid reported in their accounts.

The best way to find this is to search an OCR'd account for the phrase "VAT", although this may throw up lots of matches for charities that are either very innovative or very private, so "tax" is also a potential alternative.

It will usually be in a separate note to the account headed "Taxation"

It will not be present in all accounts. Where present, it should be included as an "other financial" called "Irrecoverable VAT" and entered for both the current and previous year where possible.

The below example is from Shelter's accounts: