By

Deborah Austin

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VAT – Value Added Tax

There are hundreds of pages of VAT legislation, however, we have focussed on areas where changes may have occurred in responding to the current situation, which we felt may be of more relevance at this time. Taxable supplies made by charities  Donations – these fall outside of the scope for VAT as long as nothing is provided… Read More

Charities: Gift Aid

At this time, a charity can also increase its income receipts by making a gift aid claim, either through the usual process or under the Gift Aid Small Donations Scheme (GASDS). Click here for our March 2019 issue, which looked at this in more detail. Some key points are: Ensure that valid gift aid declarations… Read More

Charities: Trading vs Non-Trading

With all that has been happening over the last 6 months, many charities have had to pivot or adapt their activities in response to the impact of the Global Pandemic. For some this has involved looking at new ways to generate income, to operate or to collaborate with others. Now is probably a good time to review… Read More

Tax for Charities shouldn’t be taxing!

With all that has been happening over the last 6 months, many charities have had to pivot or adapt their activities in response to the impact of the Global Pandemic. For some this has involved looking at new ways to generate income, to operate or to collaborate with others. Now is probably a good time to review… Read More

Fraud and Cybercrime

We are hearing daily of individuals going above and beyond to raise funds for charities supporting the most in need. Who of us will ever forget the amazing Captain Tom Moore who in his 100th year would not be bowed by the current situation? Sadly, for everyone one of these amazing individuals there are those… Read More

Using virtual meetings – the new “business as usual” model

When the UK was initially advised that it would be in a state of lockdown with social distancing measures in place and there would be no non-essential travel, many did not anticipate this extending beyond April. Frequently the decision was taken to delay or defer meetings until after lockdown was lifted. For many this was… Read More

Leveraging Technology – Flexible accounting using cloud-based software

Financial During the current crisis, it has never been more important for businesses and charities to have up to date access to their financial information to support them in making important decisions. Over the last few years we have been supporting many of our charity and not for profit sector clients in migrating their financial… Read More

On the eleventh day of Christmas we look at Making Tax Digital for VAT

Businesses that were deferred for MTD VAT need to now start thinking about the MTD sign up process as you will need to file under MTD for the first VAT return that begins on or after 1st October 2019. So the first quarterly MTD submission for deferred businesses will be the December 2019 return. The… Read More

On the twelfth day of Christmas we look at Managing Risk

Anything that could adversely affect your charity carrying out its plans or achieving its purpose is a risk. Trustees are required to ensure risk is managed so that the charity is not exposed to undue risk. To assist Trustees the Charity Commission has produced this guidance, click here to access. This document uses the following… Read More

On the tenth day of Christmas we look at Payments to Charity Trustees

An area where charities can often come unstuck is payments to Trustees. There are 4 potential types of payment: Payments of out of pocket expenses Payment for role as Trustee Payment for professional services / work Payment to a connected person The Charity should have a formal policy / process for claiming reasonable out of… Read More

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