Employment law update From 1 April 2019, the following change applies: Increase in the National Minimum Wage (NMW) which for workers aged 25 and over, is £8.21 up from £7.83 (other NMW rates apply) From 6 April 2019, the following changes apply: Increase in Statutory Sick Pay (SSP) to £94.25 from £92.05 per week Increase …
Charities SORP (FRS 102) Information Sheet 2 published In January 2019, ‘Charities SORP (FRS 102) Information Sheet 2: Accounting for Gift Aid payments made by a subsidiary to its parent charity where no legal obligation to make the payment exists’ was published. Information sheets allow the joint SORP-making body to clarify the application of the …
Consultation on the process for developing the SORP The charity regulators in the UK (CCEW, OSCR and CCNI) as the SORP-making body for charities sought views on what changes may be needed to the process used to develop the SORP ‘Guiding the Development of the Charities SORP’. The SORP-making body aims to make changes so …
Risk registers, is yours working for you? Many charities state that they have a risk register. Often when it is produced, it is a colour coded spreadsheet identifying risks and highlighting whether they are considered significant. For many it has become a tick box exercise of identifying risks but not actually managing them. Instead of …
Entrepreneurs’ Relief (ER) is a valuable tax relief for those disposing of a business. It can give access to a 10% rate of capital gains tax, subject to a £10 million lifetime limit. ER is potentially available to company shareholders, owners of unincorporated businesses and trustees. But for a claim for ER to be successful, …
Acas has launched new guidance to help guard against age discrimination at work.
A substantial increase in probate fees was planned for April 2019, but is still making its way through parliament, due to pressure of other business.
Getting tax relief on a claim for capital allowances is not always plain sailing. This was recently highlighted at the tax tribunal, where a taxpayer faced the possibility of forfeiting tax relief on 80% of his expenditure.
