Plus: the Insolvency Service and Kids Company, and the Charity Commission issues financial prompts and reminders
Now the election is past, it will be important for charities to keep track of the various tax changes that will inevitably follow. VAT rises will usually be a straight additional cost for most charities. Corporation tax increases make it more important for charities to monitor their trading activities and plan properly.
Changes in income tax bands, rates and allowances will have an effect on the ability of donors to give tax effectively under Gift Aid. Added to this are the various ongoing charity tax reviews that might get swept up in any post-election Budget, so treasurers and finance managers will need to be on their…
Read the full article at: http://www.thirdsector.co.uk/don-bawtree-tax-changes-new-parliament/finance/article/1436872
