Tessa Park, Kingston Smith outlines some key areas for UK GAAP reporters to consider when preparing their 2018 financial statements.
Features and articles
TCO 5904 Appeal number TC/2011/0610
ICAEW Tax Faculty provides analysis of the announcements relating to the taxation of charities in the 2018 Budget.
Bulletin 2 for the Charities SORP (FRS 102) has been published on 5 October
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.
Robin Williamson of the Low Incomes Tax Reform Group reports on the 27 February event celebrating the 25th anniversary of the founding of TaxAid.
Browse our academic research funded reports, which are published under the Charitable Trusts logo.
Nigel Sleigh-Johnson outlines recent amendments to FRS 102 and the options available for early adoption.
Webinars and recordings
Graham Elliott, Director at City & Cambridge Consultancy, provides an update on current issues and opportunities in charity tax.
In this webinar recording Robert Warne, Partner at Crowe Clark Whitehill provides an update on current issues and opportunities in Charity VAT.
Annual return 2018 consultation
FRED 68 Draft amendments to FRS 102: Payments by subsidiaries to their charitable parents that qualify for gift aid
Gift aid small donations scheme
Simplifying the Gift Aid donor benefits rules
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.
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.
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.
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.
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.
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.
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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