Welcome to the Charities news and updates page where we keep you updated on current issues affecting charities and Community Amateur Sports Clubs.
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Draft legislation
for The Finance Act 2010, Schedule 6, Part 1 (Further Consequential
and Incidental Provision etc) Order 2012 and Explanatory Memorandum
Draft legislation is now published and external comments are
invited.
Draft legislation
for The Finance Act 2010, Schedule 6, Part 2 (Commencement
Order) 2012
Draft legislation is now published and external comments are
invited.
School Charities
– Gift Aid & Payroll Giving Guide
HM Revenue & Customs publish a Gift Aid and Payroll Giving
guide for School Charities. This guide contains information
and simple examples specifically related to funds received
by school charities to help make the most of these donations.
Gift Aid repayments will be made
by BACS
HM Revenue & Customs will continue with the plans that
were previously announced to make all Gift Aid repayments
by BACS rather than by payable order.
Charitable payments
to overseas bodies
The detailed guidance on 'Payments to overseas bodies' found
in the charities detailed guidance notes, has been updated.
Gifts
of pre-eminent objects and works of art to the nation (Opens
new window)
HM Treasury announces a joint consultation to seek views on
the policy detail and implementation of a scheme to encourage
lifetime giving of pre-eminent objects and works of art to
the nation.
A
new incentive for charitable legacies
HM Revenue & Customs announces consultation on the policy
detail and implementation of a lower rate of Inheritance Tax
where people leave a charitable legacy of 10 per cent or more
of their estate when they die.
Revised
guidance on Audits by HMRC Charities
The detailed guidance on Audits by HMRC Charities, in particular
the section headed 'Putting Things Right', has been revised
in response to feedback from customers.
Gift Aid repayments
By 2012 HMRC will phase out repayments of Gift Aid by payable
order. Charities and Community Amateur Sports Clubs (CASCs)
therefore need to provide their bank details on form ChV1
so that repayments are made electronically using the Bacs
system.
Improving HMRC guidance - next steps
An update on the key activities HM Revenue & Customs (HMRC)
will be taking forward in the next few months to improve its
interaction with Charities.
New Gift Aid forms
These replace the current forms on your 2009 Gift Aid Toolkit
CD and the internet, including the repayment form R68. You
can download the new forms from our website and complete them
on your computer.
Revised
Fit and Proper Persons test guidance
The guidance on the fit and proper persons test for charity
managers, including the basic guide for charity managers,
has been revised in response to feedback from customers.
Authorisation of agents
for Community Amateur Sports Clubs (CASCs)
CASCs can appoint tax advisers to deal with HMRC regarding
their tax affairs. To authorise HMRC to deal with your agent
complete and return form 64-8 to HMRC Charities by email or
post.
Authorisation
of agents for charities
Charities can appoint tax advisers to deal with HMRC regarding
their tax affairs, including claims for repayment on Gift
Aid donations. To authorise HMRC to deal with your agent complete
and return form 64-8 to HMRC Charities by email/post.
