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Charity Update 14 August 2014

Penny Wotton
14/08/2014

Locations

United Kingdom

Our Charity Update provides the latest charity tax news and developments.

15 July 2014

The Taxes (Definition of Charity) (Relevant Territories) (Amendment) Regulations 2014

These regulations came into force on 31 July 2014 and add the Principality of Liechtenstein to the list of relevant territories in which organisations meeting certain criteria may qualify for charity status in the UK

Legislation.gov.uk


22 July 2014

Charity borrowing on the increase

The value of loans approved by Charity Bank for charities and other social sector organisations almost doubled in the first half of 2014 compared to the same period last year.

Charity Bank


28 July 2014

Call for evidence on financial sustainability of voluntary sector

The NVCO has called for evidence as part of a review into the voluntary sector's finances in the recession.

Charity Finance Group


31 July 2014

Retail Gift Aid Scheme

HMRC has amended its guidance for charities that operate a simplified process for claiming Gift Aid on donations from the sale of donated goods. The amendment explains how repayment claims will be affected when HMRC identifies donations given by non-taxpayers.

HMRC


31 July 2014

Amendments to Payroll Giving guidance

HMRC has updated its guidance for Payroll Giving Agencies. The guidance explains the time limits for paying donations to charities and the report that must be sent to HMRC when any donations cannot be paid to a charity.


1 August 2014

Charity Commission News - Issue 47

The summer edition has now been published including articles on reporting serious incidents, keeping details up to date, safeguarding young people, trustees' duties' podcasts and on public benefit statements in accounts

Charity Commission

Links:


6 August 2014

Account monitoring review published on net current liabilities

The Charity Commission is reminding charities with net current liabilities to explain how they are addressing the associated risks in their Trustees' Annual Reports

Charity Commission


7 August 2014

Public Fund Raising Regulatory Association responds to Charity Aid report on Chugging

The regulatory body for street and doorstep direct debit fundraising, has replied to a report on chugging by Charity Aid for its "many unfounded and unsubstantiated claims". Public Fund Raising Regulatory Association

Links:


 

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