Continuing our series of basic informative articles Alan Thomson Senior Charities Tax Manager Chantrey Vellacott DFK writes on the taxation of charity income and gains
This article provides an overview of the implications for charities of direct tax on their income and gains. It does not deal with VAT stamp duty or stamp duty land tax.
It is a commonly held belief by many charities that just because they are charities they do not have to pay tax. This is far too simplistic a statement which many charities have discovered to their cost.
It is true that charities are granted a unique set of exemptions and opportunities within the tax legislation. However with such opportunities come various responsibilities that must be complied...
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Continuing our series of basic informative articles Alan Thomson Senior Charities Tax Manager Chantrey Vellacott DFK writes on the taxation of charity income and gains
This article provides an overview of the implications for charities of direct tax on their income and gains. It does not deal with VAT stamp duty or stamp duty land tax.
It is a commonly held belief by many charities that just because they are charities they do not have to pay tax. This is far too simplistic a statement which many charities have discovered to their cost.
It is true that charities are granted a unique set of exemptions and opportunities within the tax legislation. However with such opportunities come various responsibilities that must be complied...
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:
