Charity Update

Alan Thomson

Alan Thomson Senior Charities Tax Consultant at Chantrey Vellacott DFK reviews guidance recently issued by HMRC to charities

Charities and non-charitable expenditure

HMRC has recently issued revised detailed guidance notes for charities which deal with non-charitable expenditure and transactions with substantial donors (see www.hmrc.gov.uk/charities/guidancenotes/annex2/annex_ii.htm).

This article will consider transactions that are caught by the substantial donor legislation in FA 2006 as explained in the guidance notes.

By way of background under this legislation an individual or company is a substantial donor to a charity if in its chargeable period:

● the charity receives relievable gifts of at least £25 000 from the donor...

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Alan Thomson Senior Charities Tax Consultant at Chantrey Vellacott DFK reviews guidance recently issued by HMRC to charities

Charities and non-charitable expenditure

This article will consider transactions that are caught by the substantial donor legislation in FA 2006 as explained in the guidance notes.

By way of background under this legislation an individual or company is a substantial donor to a charity if in its chargeable period:

● the charity receives relievable gifts of at least £25 000 from the donor...

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Subscribe Now...

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.

Once you have registered, you will receive an email directing you back to read this article in full.

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Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

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