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Welcome to our Charities Newsletter brought to you by Mark Williams, our Charities Partner. If you would like any further information on any of the posts please call Mark on 01872 276116 or email him at email@example.com.
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Charity Newsletter Spring 2017
Click here to read the Charity Newsletter Spring 2017 in full.
From 6 April 2017 all employers, including charities, who have an annual paybill (broadly earnings subject to class 1 national insurance) of over £3,000,000 will be subject to the apprenticeship levy.
England and Wales – New Guidance
The CCEW have issued updated guidance aimed at supporting charities to meet their annual reporting duties under SORP FRS 102
Several recent developments such as the increase in the audit threshold to £1,000,000 and the increased threshold for preparation of consolidated accounts to £1,000,000, have led to the CCEW publishing a consultation on updated Directions and guidance which independent examiners must follow.
Reporting Serious Incidents
The CCEW have been consulting on proposed updated guidance for charities ‘What to do if something goes wrong: reporting serious incidents’. The updated guidance aims to help charities to identify what to report and when. It also provides guidance including: a list of the most common types of incidents; and explains who to report to […]
Power to Disqualify
The CCEW has completed a consultation which sought views on the use of their discretionary disqualification powers which were introduced in October 2016.
Matters of Material Significance
Auditors and independent examiners have a duty to report to the relevant Regulator matters of material significance which they discover in the course of carrying out their audit or examination work.
SORP FRS 102
The joint SORP-making body and SORP Committee are in the process of a research exercise to identify necessary changes to the SORP as part of the triennial update.
Gift Aid Update
Common Tax Mistakes
The Charities Outreach Team which was set up by HMRC aims to provide help and support to charities, and enable them to understand, benefit and claim reliefs through Gift Aid, the Gift Aid Small Donations Scheme (GASDS) and the Employment Allowance.
The above information should not be used to make decisions in isolation without consulting a professional adviser.