The Taxation Review (1999) tackled the problem of different rules on "one-off" charity fundraising events for VAT and Income/Corporation tax relief purposes.

The exemptions are now extended and aligned, so that any event qualifies for exemption from VAT or income tax, provided:

• The public are aware that the purpose of the event is to raise funds for charity.
• The charity holds no more than four events of a similar type (each of which can last for up to 4 days) in the same location in any year.

For private business you will need to pay VAT / Income Tax on the money raised.

Organising your Event

Planning is key when organising any event no matter how big or small. It is a good idea to prepare a checklist of everything that needs to be done and who has the responsibility for each task. To help you prepare your checklist here is a few things you will need to consider, although this is not an inclusive list and you will probably have more that are specific to your event!

• Choose the theme and type of event that harmonises with the time of year and has the ability to attract your target audience eg. Easter duck race.
• Select a date that does not clash with any other local events.
• Confirm a suitable venue.
• Book entertainers or special guests and hire equipment a long time in advance (NB. a good entertainer can get booked up very quickly)
• Ensure that the event complies with legal requirements, eg. you may need to obtain a licence and the charities commission will be able to offer advice on this matter.
• Carefully prepare a budget for the planned event that is realistic and monitored closely to ensure that you do not overspend!
• Identify your target audience and prepare a guest list (NB. remember to invite the local press so that your group can cash in on some free advertising!)
• Advertise the event far enough in advance for people to make plans to attend, as a general rule of thumb allow between 4-6 weeks notice.
• If you are providing a meal or snack during the event ensure that you cater for different dietary needs, where invitations are sent out make sure you ask about dietary requirements on the invite.

Also in this Section:

Events

Loans

Bidding/Grants

Documents:

Business Plan-Contents (WORD)

Business Plan-Contents (WORKS)

Five easy ways to make money

Tips on Funding