Three out of the 20 schedules that are contained in FA 2010 relate to charities. One might therefore believe that this is a Finance Act for charities. Unfortunately this is not the case. However the changes in the tax legislation will have a direct impact on charities and they need to be understood by anyone who advises charities on taxation matters.
The changes are contained in FA 2010 Schedules 6 7 and 8. They deal with EU developments and the definition of charity requirement to be a fit and proper person anti-avoidance legislation re the gift of shares etc to charities restrictions on payroll giving payments to non-UK bodies insufficient tax paid by overseas donors and the frequency and size of Gift Aid claims.
In addition to the above the increase in income tax...
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Three out of the 20 schedules that are contained in FA 2010 relate to charities. One might therefore believe that this is a Finance Act for charities. Unfortunately this is not the case. However the changes in the tax legislation will have a direct impact on charities and they need to be understood by anyone who advises charities on taxation matters.
The changes are contained in FA 2010 Schedules 6 7 and 8. They deal with EU developments and the definition of charity requirement to be a fit and proper person anti-avoidance legislation re the gift of shares etc to charities restrictions on payroll giving payments to non-UK bodies insufficient tax paid by overseas donors and the frequency and size of Gift Aid claims.
In addition to the above the increase in income tax...
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:
