Skip to main content
Publication

Charity Update - 8 April 2015

Penny Wotton
08/04/2015

Locations

United Kingdom

Our Charity Update provides the latest tax news and developments.

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

  • 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.

  • 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