Not-for-profit News - November 2018

  • Budget 2018 - welcome reductions in red tape

    Three changes will apply from 6 April 2019, which should result in administrative savings for many charities.
  • Code of Fundraising Practice out for consultation

    The Code of Fundraising Practice outlines the standards expected of charitable fundraisers across the UK. This latest consultation focuses on the style, presentation, clarity and accessibility of the Code.
  • Simplification of donor benefits rules for Gift Aid

    The government recognises the value of Gift Aid to the charity sector and is looking at ways to simplify and improve the current Gift Aid rules.
  • Changes to Gift Aid from trading arms after SORP update

    Charities are no longer allowed to report Gift Aid from their trading arms in their accounts until they have actually received it unless there is a legal obligation at the year end.
  • Changes to Making Tax Digital for VAT start date

    Making Tax Digital for VAT is due to start in April 2019. Previously, this was going to affect all VAT registered businesses with turnover above the VAT threshold of £85,000. However, HMRC have recently announced a minor deferral, where some types of businesses won’t come into the new regime until October 2019.

  • 2018 annual return service

    Following a recent consultation with the charity sector, the Charity Commission has introduced a tailored annual return for 2018.
  • Changes to disqualification rules

    Changes to the rules which automatically disqualify individuals from becoming trustees came into effect from August 2018.
  • Fraud update

    Charities are advised to be on alert for internal fraud after concerns raised by the National Fraud Intelligence Bureau (NFIB).
  • Government publishes Civil Society Strategy

    The strategy sets out how government plans to work with civil society to create a country that works for everyone. It consists of five chapters that each address the ‘five foundations of social value’.
  • Trust in charities falls

    In a recent study of over 2000 adults, 45% of respondents said that their trust in charities had declined within the past year with 47% saying their level remained the same.
  • Eased reporting burden for smaller charities

    Incorporated charities with income below £250,000 may be allowed to prepare accounts on a receipts and payments basis from 2021 if recommendations are implemented.
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