I am a member of a new search and recovery unit, for searching rivers. It is a non-profit voluntary organisation. I have applied for a VAT number for the unit.
I am wondering whether I should also register it as a charity. I know that being registered as a charity exempts charities from income tax, corporation tax, etc. However those two taxes would not be applicable to us anyway (I think). Therefore I don't know what the advantages of being registered as a charity are? I don't know if we are obliged to register as a charity either?
I am wondering whether I should also register it as a charity. I know that being registered as a charity exempts charities from income tax, corporation tax, etc. However those two taxes would not be applicable to us anyway (I think). Therefore I don't know what the advantages of being registered as a charity are? I don't know if we are obliged to register as a charity either?