Charities

Providing comprehensive resources to help you stay current in Charities. Count on Tolley for latest news and analysis, access to relevant cases, legislation and expert commentary.

Our professional tax practitioners have written about charities tax to provide the best possible service to your customers.

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Popular Articles

Withholding tax on payments of interest

This guidance note explains the main scenarios where UK companies (other than financial institutions, etc) must withhold tax at source on payments of interest and how this is dealt with in practice.Obligation to withhold income tax from certain paymentsWhen UK companies, or partnerships of which a

21 Jun 2022 09:12 | Produced by Tolley Read more Read more

Effective tax rate planning

Calculation of the effective tax rateAn international group’s effective rate of tax is usually calculated as the amount of tax it pays divided by its consolidated profits. The effective tax rate depends largely on:•the rate of tax paid by each company in the group•the companies in which profits are

23 Mar 2022 10:51 | Produced by Tolley in association with Anne Fairpo Read more Read more

Qualifying loan interest

Interest paid on qualifying loans is deducted from the taxpayer’s total income (ie a Step 2 deduction from total income). See the Proforma income tax calculation guidance note.Interest on qualifying loans is usually paid gross by the individual borrower; tax is not withheld at source. This includes

22 Mar 2022 09:49 | Produced by Tolley Read more Read more