Our Charity Update provides the latest tax news and developments.
3 December 2014
Autumn Statement 2014
•The Government will refund the VAT that hospice charities incur.
•The Government has committed a further £50 million of LIBOR fines over the next 6 years to support military charities and other good causes.
•From April 2015, UK search and rescue and air ambulance charities will be eligible to claim refunds on VAT they have paid on purchases of goods and services for their non-business activities.
•The Government will publish draft legislation to allow regulations to be made which give intermediaries a greater role in administering Gift Aid.
•The Government will continue and extend the review of donor benefits launched at Budget 2014 to include consideration of the rules for claiming Gift Aid on membership and entrance fees.
HM Treasury, The RT Hon Danny Alexander MP and the Rt Hon George Osborne MP
3 December 2014
Charity giving website distributions
The Dove Trust, the charity that ran the Charitygiving website, has started to make payments to the charities that are owed money.
Charitygiving and The Charity Commission
2 December 2014
Change your charity structure and transferring charity assets
The Charity Commission publishes guidance on changing an unincorporated association or trust to a charitable company or CIO and on transferring a charity’s money, investments or property to another charity if it closes, merges or is replaced by a charitable company or CIO.
The Charity Commission
1 December 2014
Treating Donors Fairly
The Institute of Fundraising publishes guidance on helping donors to make informed decisions.
Insitute of Fundraising