enews

Trustees: adopting a total return approach to investing a charity’s permanent endowment

Section 4 of the Trusts (Capital and Income) Act 2013 came into force on 1 January 2014 and amended the Charities Act 2011.  It …

CIC Regulator favours reform of dividend and interest caps

The CIC Regulator has published her response to the public consultation on the dividend and interest caps.  This consultation relates to Community Interest Companies …

Changes to public procurement

The European Parliament has approved a new set of procurement rules intended to cut red tape for charities.
The EU Procurement Directives will contain measures …

Charity Commission publishes new public benefit guidance

In September the Charity Commission published new public benefit guidance for all charities.  Trustees must have regard to this guidance when administering their charity.
The …

Charities Online service launches

From October charities making a Gift Aid claim must use HMRC’s new online filing system.
HMRC launched its new Charities Online service in April, which …

High Court interprets charitable relief from business rates

Background
Charities are generally entitled to mandatory 80% relief from business rates on commercial premises which they wholly or mainly use for charitable purposes.
Whether or …

How to protect your charity in times of financial difficulty

Trustees of charities facing financial problems should make robust plans to help prevent the organisation becoming insolvent – and to protect themselves from being …

Charity Commission consults on new Statement of Recommended Practice

The Charity Commission and the Office of the Scottish Charity Regulator have launched a consultation on a new draft Statement of Recommended Practice (SORP).
The …

Charities can claim SDLT relief for joint purchases with non-charities

Background
Generally a charity is entitled to relief from stamp duty land tax (SDLT) provided that:

the charity intends to hold the subject-matter of the transaction …

Charity Commission opens new statutory inquiries

Charities in default of their reporting obligations
The Commission has opened a class inquiry into charities that are in default of their statutory obligations to …