Our Charity News includes useful guidance on keeping vulnerable beneficiaries, employees and volunteers safe. We also consider the impact of the General Data Protection Regulation (GDPR), updates on Charitable Incorporated Organisations and other pertinent issues giving you the inside track on the sector’s current hot topics and latest guidance.
Reforming Charity Tax The Charity Tax Commission (the Commission) was established by The National Council for Voluntary Organisations (NCVO) last year in order to undertake a full review of the charity tax system (including business rates relief, Gift Aid and VAT relief). The last review was performed over 20 years ago and since then the …
SORP and Accounting The CCEW and OSCR, who together are the SORP-making body, are inviting comments on amendments to the Charities Statement of Recommended Practice (SORP) following the amendments to UK & Irish accounting standards (FRS 102) ‘Triennial Review 2017’. The changes will come into effect for accounting periods beginning on or after 1 January …
General Data Protection Regulation From 25 May 2018, the General Data Protection Regulation (GDPR) will come into force. The aim is to bring data protection legislation into line with how personal data is used in today’s world, and will supersede the Data Protection Act 1998. The GDPR applies to ‘controllers’ and ‘processors’ of data. It …
Safeguarding the Vulnerable Following the Oxfam scandal, all three charity regulators have highlighted the importance of safeguarding vulnerable beneficiaries, employees and volunteers through various publications, news alerts and updated guidance. The recurring theme is that trustees should proactively safeguard and promote the well-being and welfare of their charity’s beneficiaries. Trustees are accountable and responsible for …
A new data protection regime came into force on 25 May 2018. This is D day for the General Data Protection Regulation (GDPR), and most processing of personal data by organisations must comply with GDPR from that date. The organisation in charge of enforcing compliance is the Information Commissioner’s Office (ICO). Its message is that …
Letting Out Property
Bitcoin has been in the news recently as increasing numbers of people have been looking to make money through buying and selling this new ‘cryptocurrency.’ But what is bitcoin? Can it make a good investment? And where do HMRC fit into the picture? Bitcoin explained Bitcoin is a ‘cryptocurrency.’ Essentially, that means a digital currency …
