Media & Events

Charities Briefing – April 2017

April 2017

The April 2017 issue of Charities Briefing contains articles on the following:

The Spring Budget announcements for charities and not-for-profits
Though only a few announcements in the 2017 Spring Budget had a specific charity focus, as ever, aspects of general tax have a potential impact on the sector.

Lessons to be learned from recent inquiries
The Charity Commission and OSCR have issued a number of inquiry reports in recent months. We reflect on the lessons that charities can learn from these cases.

Giving property and shares to charity
Although Gift Aid is the most important income tax relief for individuals giving to charity, there are other tax reliefs available to those donating land and property and shares to charity.

Collaborative working made simple: how to avoid the VAT pitfalls
Projects where not-for-profit organisations work closely with other entities are becoming increasingly popular. However, there are several VAT issues to consider in order to ensure that an unwelcome VAT cost does not arise.

SORP consultation in progress
The updating of FRS 102 – the Financial Reporting Standard applicable in the UK and Republic of Ireland – is on a three-yearly cycle. So, to be ready for the revised version of FRS 102, in time for accounting periods commencing on or after 1 January 2019, the SORP-making body has made an early start to listen to the views of the sector.

In brief
We round-up the news in brief.

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