Charity tax: Christmas cards can mean problems

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Rebecca Benneyworth Training Consultants
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The sale of Christmas cards and calendars to raise funds may seem like a good idea, but can give rise to tax issues for charities.

Charity tax is a complex subject. Although many would suppose that exemption from tax would make the subject simple, this is far from the truth. Ensuring that a charity client stays within the specific tax exemptions can be tricky, especially when trustees and staff come up with new and interesting ways to raise funds.

Charity tax exemptions are currently dealt with by two separate areas of tax statute – the Income Tax Act 2007 Part 10 for charities which are trusts, and ICTA 1988 section 505 onwards for charities liable to corporation tax. The corporation tax legislation will be included in the tax law rewrite project next year, when new legislati...

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