Focus On Charities

Bill to reform GASDS receives royal assent

27
Feb, 2017

The Bill to reform the Gift Aid Small Donations Scheme (GASDS) has earned royal assent. Parliament concluded that the Bill, which will increase accessibility to the scheme, will come into force at the start of the 2017/18 tax year. Introduced

Charity Commission consults on reforming annual returns

27
Feb, 2017

The Charity Commission has begun consulting on reforms to the annual returns it collects from charities. Currently, registered charities with an income of more than £10,000 a year are required to submit an annual return within ten months of the

CTG calls upon Government to improve charity tax relief in upcoming Budget

27
Feb, 2017

The Charity Tax Group (CTG) has urged the Government to introduce new VAT reliefs in this year’s Spring Budget. CTG, which represents taxation in the not-for-profit sector, said that identifying new VAT reliefs for charities and an exemption from the

Charities to be exempt from Making Tax Digital and quarterly reporting, HMRC confirms

27
Feb, 2017

Following a long-running consultation, opened in August 2016, HM Revenue & Customs (HMRC) has confirmed that charities will be exempt from Making Tax Digital (MTD), the Government’s new digitised tax system. In a highly anticipated response the Revenue has confirmed

Fundraising Regulator releases levy and registration fee plans

9
Aug, 2016

The new Fundraising Regulator has released plans for its levy and registration fees. The regulator’s proposals will see charities pay up to £10,000 on a sliding scale. The top amount would be paid by charities with an annual fundraising spend

Charities raise £3.5m through SITR tax relief 

9
Aug, 2016

Charities and social enterprises across the UK have successfully raised almost £3.5million through social investment tax relief (SITR) which was introduced two years ago. Financial institution Big Society Capital and New Philanthropy Capital, a leading think tank, have put together

Charity finance in grave danger, groups warn

9
Aug, 2016

 The Charity Commission is being urged to delay the consultation on charging for regulation. The Charity Finance Group, the Small Charities Coalition and the National Association for Voluntary and Community Action (NAVCA) have written to the regulator with concern that

Charities ‘must diversify income sources’, says Civil Society minister

9
Aug, 2016

Charities too often focus on “outdated operating models” that rely on unsustainable public grants, according to Robert Wilson, the minister for Civil Society. Speaking to the crowds that attended this year’s Charity Finance Group’s annual conference, the minister said that

New Charities Handbook available from George Hay

12
Oct, 2015

Following the extensive changes to Charity Accounting earlier this year, it was decided that we would take the opportunity to re-write our very popular handbook for charity governors in conjunction with the UK200 Group.  “A Practical Guide 2015 : England

Most people trust charities – study

8
Oct, 2015

Most people continue to trust charities according to new research by the Charities Aid Foundation (CAF). A survey of 2,071 adults found that 57 per cent felt charities were trustworthy and acted in the public interest. Sixty per cent believed

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