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Publication

Charity Update 1 March 2016

Penny Wotton
01/03/2016

Locations

United Kingdom

24 February 2016

Trustees trading and tax: how charities may lawfully trade (CC35)

The Charity Commission publishes guidance on when and how charities can engage in trading to raise funds and how to apply income on trading profits (please see in particular the changes in section 4.5 concerning Gift Aid and trading subsidiaries).

The Charity Commission

 

24 February 2016

Charities: change of details form (ChV1)

HM Revenue & Customs (HMRC) introduces an online form so that charities may tell HMRC about significant changes to their organization.

HM Revenue & Customs  

 

23 February 2016

Leading sector bodies submit budget proposals to Chancellor

The Charity Finance Group, along with nine other voluntary sector bodies, has written to the Chancellor ahead of the Budget on 16 March.

The letter outlines six proposals to tackle key challenges facing the sector.

CFG

 

17 February 2016

Draft Guidance: Grant funding an organisation that isn’t a charity

The Charity Commission publishes draft guidance on what trustees need to think about before deciding whether to make a grant to an organisation that is not a charity to carry out charitable activities or projects.

The Charity Commission

 

15 February 2016

New charities taxonomy brings charity accounting into the digital world

The Charity Commission and the Financial Reporting Council are launching the new taxonomy for charities reporting under the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The taxonomy is the essential pre-requisite to charities choosing to file their accounts digitally with Companies House and the Charity Commission. In filing digitally, charities can make the tagged charity data more accessible.

The Charity Commission