Taxation and charities

Taxation and charities guidance:

Gift Aid donations to a charity are an essential part of their income but the tax repayment advantage that they offer can also be abused. HMRC are particularly concerned...

Practice Note

There may come a time in the life of a charity when all prospects of avoiding a profit on fundraising have been exhausted. Patently a profit is not a bad thing but the...

Practice Note

STOP PRESS: Finance Bill (No. 2) 2016 indicates that regulations will be introduced with effect from a date to be appointed to make provision for penalties of no more...

Practice Note

Generally inheritance tax (IHT) and charities mean a reduction in the IHT that an estate would pay but there are circumstances where an IHT charge may be triggered on the...

Practice Note

STOP PRESS: In accordance with its previous indications, the government has, in section 51 of the Finance Act 2016, legislated so that a tax charge is not applied to...

Practice Note

Stamp Duty Land Tax (SDLT) replaced Stamp Duty on land from 1 December 2003. Charities enjoy a general exemption from SDLT but charities need to appreciate that...

Practice Note

It is very difficult for charities to be entirely sure of their VAT position as the listings for zero rated and exempt supplies is extensive and confusing, with the Value...

Practice Note

UPDATE: In his 2015 Budget, the Chancellor indicated changes to the CGT regime. The Budget did not indicate that these changes affect issues raised in this Practice Note....

Practice Note

Example 1—disclosed agent A charity promotes a challenge where participants will cycle from London to Paris in order to raise funds for the charity. The charity engages...

Practice Note

Qualifying organisations The following bodies are entitled to VAT exempt eligible fund raising events: • charities that meet the eligibility criteria • bodies corporate -...

Practice Note

There is no general relief for charities in respect of VAT chargeable on supplies made by them. Equally there is no relief for them in respect of supplies to them....

Practice Note

Many charities would not describe any of their activities as trading as they do not appear to conform to the traditional commercial trading model. However, many of their...

Practice Note

Charities who meet the criteria of being a charity are there, in the main, to provide what may be described as welfare services. This tends to form the core of their...

Practice Note

Charities who meet the criteria of being a charity are there, in the main, to provide what may be described as welfare services. This tends to form the core of their...

Practice Note

This Practice Note is about the VAT issues that arise in commercial developments. It first considers a straightforward unproblematic scenario, and then looks at: •...

Practice Note

What is Council tax and what is its purpose? The council tax was introduced as the primary source of collecting income from local residents by local authorities in...

Practice Note

If an exemption from stamp duty applies, a document (ie an instrument of transfer) which would otherwise be subject to UK stamp duty is exempt from such duty. This...

Practice Note

There are a number of tax reliefs available for gifts to charities. Gift Aid Gift Aid is a way for charities or community amateur sports clubs (CASC) to increase the...

Practice Note

STOP PRESS: This Practice Note is being reviewed in light of the Supreme Court decision in Routier v HMRC, in which it was held that HMRC was not entitled to restrict the...

Practice Note

As a tax on property, rates have existed in some form since 1601. The framework currently in place was largely established by the Local Government Finance Act 1988 (LGFA...

Practice Note

Once is has been determined that there is a notifiable transaction for SDLT purposes, it should be considered whether any reliefs or exemptions are available to reduce or...

Practice Note

Multiple dwellings relief (MDR) applies to certain transactions that involve an acquisition of at least two dwellings or an acquisition of one dwelling that is linked to...

Practice Note

Once is has been determined that there is a notifiable transaction for SDLT purposes, it should be considered whether any reliefs or exemptions are available to reduce or...

Practice Note

FORTHCOMING CHANGE relating to SDLT for non-residents buying residential property: The government confirmed at Spring Budget 2020 that it will introduce an SDLT surcharge...

Practice Note

FORTHCOMING CHANGE on extending market value rule to transfers of unlisted securities to connected companies: Following a consultation on aligning the stamp duty and SDRT...

Practice Note

A charity must complete and submit tax returns in three specific circumstances: • if served with a notice requiring it to file a return • if it has taxable income, gains...

Practice Note

This Practice Note considers the UK tax aspects of the establishment of a joint venture operated through a partnership. It is assumed for the purposes of this Practice...

Practice Note

The tax treatment of a charity Charities are not exempt from taxation, but they do benefit from a number of specific tax reliefs. A charity does not need to be registered...

Practice Note

Brexit: This Practice Note contains information on subjects impacted by the UK’s withdrawal from the EU. The Taxation (Cross-border Trade) Act 2018, and regulations made...

Practice Note

This Practice Note is about the VAT implications of barter arrangements involving land and buildings. Why does this matter? Barter transactions can create unanticipated...

Practice Note
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