VAT is payable on all invoices, including those that support Socio-Economic Development initiatives. However, the VAT payment on an invoice must not form part of an organisation's Socio-Economic Development claim.
The exclusion of VAT for SED claims reflects in point 5.1.7 of the 2008 Verification Manual published as Gazette # 31256. It states: “The Verification Agency should confirm that VAT is not included in amounts claimed where Socio-Economic Development Contributions may include VAT”.
Socio-Economic Development Services are available to assist Members with insight Socio-Economic Development Contributions.
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