BRF Report for 2011
Report for the year ending 31 December 2011 (adopted at AGM May 2012).
The start of 2011 saw many churches hit with a double whammy from the government. Not only was the VAT exemption for repairs to existing ecclesiastical property removed, but VAT was increased from 17½% to 20%. This meant that the BRF now had to look at the whole cost of any project including the VAT, and how it would affect any grant that was made to a church. Depending on the work that is to be undertaken, a typical grant would have been around the 20%. Under the new system, this figure would only just cover the VAT, and therefore it was considered that the BRF should increase its grant level to about 25%.
