UK GAAP 2018 reminders and tips
Tessa Park, Kingston Smith outlines some key areas for UK GAAP reporters to consider when preparing their 2018 financial statements.
Charities taxation
Expert commentary and practical guidance from ICAEW related to the taxation of charitable organisations within the UK.
In this section
Features and articles
J Netley and HMRC
TCO 5904 Appeal number TC/2011/0610
Budget 2018: Charities
ICAEW Tax Faculty provides analysis of the announcements relating to the taxation of charities in the 2018 Budget.
Charities SORP published
Bulletin 2 for the Charities SORP (FRS 102) has been published on 5 October
FRS 102 improvements
An outline of some of the improvements made to FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' as a result of the Triennial review 2017 amendments.
Celebrating 25 years of pro bono tax advice with TaxAid
Robin Williamson of the Low Incomes Tax Reform Group reports on the 27 February event celebrating the 25th anniversary of the founding of TaxAid.
Academic research funded reports
Browse our academic research funded reports, which are published under the Charitable Trusts logo.
Implementing FRS 102 amendments
Nigel Sleigh-Johnson outlines recent amendments to FRS 102 and the options available for early adoption.
Webinars and recordings
Charity Tax – current issues and opportunities
Graham Elliott, Director at City & Cambridge Consultancy, provides an update on current issues and opportunities in charity tax.
Webinar: Charity VAT - current issues and opportunities
In this webinar recording Robert Warne, Partner at Crowe Clark Whitehill provides an update on current issues and opportunities in Charity VAT.
Representations
ICAEW REP 130/17
Annual return 2018 consultation
ICAEW REP 121/17
FRED 68 Draft amendments to FRS 102: Payments by subsidiaries to their charitable parents that qualify for gift aid
ICAEW REP 101/16
Gift aid small donations scheme
ICAEW REP 84/16
Simplifying the Gift Aid donor benefits rules
Further support
Useful links
Some resources that we link to may pre-date the latest amendments to the relevant tax regulations. While these links contain useful information, please treat them with appropriate caution.
Business rates relief
Guidance on the reliefs available on business rates for small businesses, businesses in rural areas, charities and community amateur sports clubs, businesses starting up or relocating to an enterprise zone, and businesses suffering financial hardship.
Annual Tax on Enveloped Dwellings: reliefs and exemptions
An overview of reliefs available for properties that meet specific criteria and exemptions for charitable companies, public bodies, and bodies established for national purposes with links to detailed ATED technical guidance.
Made simple guides
A series of guides produced by the audit firm Sayer Vincent on topics for charities, including charity shops, employee and volunteer taxation, Gift Aid, grants, and international aspects of VAT.
Charities: detailed guidance notes on how the tax system operates
HMRC guidance on the direct tax obligations of charities, VAT and reliefs or exemptions available. Sections cover Gift Aid, Payroll Giving, donating land, buildings, shares or securities, claims, and audits.
Charity Tax Group (CFG)
A non-profit membership organisation previously known as the Charities' Tax Reform Group, which makes representations to government on issues relating to the taxation of charities. The site includes updates and commentary on a wide range of tax issues relevant to charities.
The Tax Implications of Charity Trading
Guidance for lay users on the tax aspects of the main areas of trading activity that charities get involved in. Sections cover fundraising, basic tax exemptions, business sponsorship, trading companies, shops and cafes, merchandising, events, providing services, cost allocation, transfer pricing, loss making trades, and social enterprise.
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