Locations
Our Charity Update provides the latest tax news and developments.
27 March 2015
Charity reporting and accounting: the essentials
The Charity Commission publishes guidance on preparing trustees’ annual reports, accounts and annual returns for accounting periods ending on or after 31 March 2015.
The Charity Commission
Read the guidance here
26 March 2015
Accountability: reports show too few charities report on public benefit
The Charity Commission publishes a report which suggests that most charities are failing to fully meet the public benefit reporting requirement.
The Charity Commission
Read the press release here
Read the report here
20 March 2015
Technical issues in Charity Law
The Law Commission publishes a consultation on technical issues in charity law. The consultation closes on 3 July 2015.
The Law Commission
Read the news story here
Read the consultation here
18 March 2015
Budget 2015
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Secondary legislation will be introduced to increase the maximum annual donation amount which can be claimed through the Gift Aid Small Donations Scheme to £8,000, allowing charities and Community Amateur Sports Clubs to claim Gift Aid style top-up payments of up to £2,000 a year, with effect from April 2016.
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The government is working with the Financial Conduct Authority (FCA), the Charity Investors’ Group and the Charity Commission to introduce a new Charity Authorised Investment Fund structure that will bring new investment funds established for charitable purposes under FCA regulation, ensuring they receive the same regulatory oversight and protections as funds for retail investors.
HM Treasury, The Rt Hon Danny Alexander MP and The Rt Hon George Osborne MP
Read the Budget in full here