Charities have voiced concern about the 25% cap on tax reliefs. Looks like the government has not thought this tax relief stuff through carefully. What a surprise.
charities
Charities and tax experts have broadly welcomed tax changes in the draft 2012 Finance Bill aimed at boosting charities and voluntary organisations.
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Odds are that at some point during your professional life as an accountant you will come across what is termed a ‘not-for-profit’ (NFP) company, explains Jennifer Adams.
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An attempt by the government to encourage people to leave money to charities in their wills has “fundamental defects” and should be replaced, the Chartered Institute of Taxation (CIOT) has said
Two more special intersest groups now have their own areas to share ideas on AccountingWEB.co.uk.
George Osborne allocated a large part of his Budget speech to new measures designed to encourage people to give more to charity.
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The impact of new accounting proposals that are closely aligned with International Financial Reporting Standards (IFRS) could result in many charities breaching loan covenants with their banks.
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Baker Tilly tax partner George Bull urged charities to plan ahead to reduce the impact of January’s VAT rate increase to 20%.
Alana Lowe-Petraske of Withers LLP takes a look at the impact of the Finance Act 2010 on charity taxation, and highlights the key points accountants should be aware of.
