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Charity Update 13 November 2014



United Kingdom

Our Charity Update provides the latest tax news and developments.

6 November 2014

Updated guidance on when trading subsidiaries cannot make gift aid donations to parent charities

The Commission will update its CC35 guidance to say that a distribution cannot be made from a trading subsidiary’s "reserves" for the purpose of a gift aided distribution to a parent charity. This follows a technical report from the Institute of Chartered Accountants in England and Wales.

Civil Society

Read the news article here

The ICAEW guidance can be read here

5 November 2014

Arts funding imbalance in favour of London must be rectified

The Culture Media and Sport Committee says there is a clear arts funding imbalance in favour of London which must be urgently rectified.

Culture, Media and Sport Commons Select Committee

4 November 2014


Overtime to be included in holiday pay calculations


There has been significant coverage of an Employment Appeal Tribunal case concerning the inclusion of overtime in holiday pay calculations.


Fieldfisher Employment Law Blog

30 October 2014


New trustee declaration on application to register charities


The latest trustee declaration form must now be used. Old versions will no longer be accepted in applications to register charities.


Charity Commission News: Issue 48


Read the latest Charity Commission News here.


The trustee declaration form is available here.

28 October 2014

VAT Notice 701/1: charities has been updated

This notice explains:

  • what a charity is
  • how VAT affects charities
  • how a charity's income is treated for VAT purposes
  • what VAT reliefs a charity can obtain on its purchases whether or not it is registered fro VAT

H M Revenue & Customs

28 October 2014

Mayor of London announces charitable giving plan

By registering their contactless debit or credit card at Londoners can donate one penny, or more if they wish, every day they travel on London transport.

Proceeds will benefit disadvantaged young Londoners via the Mayor's Fund for London and other London children's charities.

Penny for London


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