Finance Act 2012 Briefing Paper

By Kevin Russell | 28 November 2012

Our in depth analysis of the implications of the Finance Act 2012 for churches and Christian charities is now available on our website...

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Charitable Incorporated Organisations - a reality at last

By Kevin Russell | 28 November 2012

The long awaited new charity structure, the Charitable Incorporated Organisation, is at last becoming a reality.The CIO was originally conceived many years ago, and enacted in the Charities Act 2006. Two sets of regulations were passed by the House of Lords Grand Committee on 27 November which mean that, at last, the first applications for CIO status can be made. A further two sets of regulations will need to be approved by Parliament to complete the new rules.

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Gift Aid Claims - use an old R68 Claim Form at your peril!

By Kevin Russell | 1 June 2012 | Comments (9)

In our last Legal Eagle e mail bulletin, we highlighted the need for churches and charities to use the most up to date Gift Aid claim form, the R68(i) in order to ensure that your Gift Aid claim is repaid as quickly as possible.

HMRC have today gone further by announcing that they will no longer accept the older forms that some charities are still using.

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give it back George!

By Kevin Russell | 25 April 2012

Stewardship backs campaign demanding that the Government reconsiders controversial plans to cap tax relief on charitable giving.

Stewardship has signed up to the giveitbackgeorge campaign to ask the government to make a U-turn on its proposal to a cap on big charitable donations.

We urge readers to find out about the issues, the threat to charities’ income as a result of introduction of a cap and to support the campaign, both as individuals and organisations.

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help us fight the charity tax relief cap proposal

By Kevin Russell | 20 April 2012

The Government proposes, from April 2013, to restrict the tax relief for charitable gifts – whether under gift aid, payroll giving, or gifts of shares, and land and property. Whilst this will not impact on most donors, major and sacrificial giving will be impacted. Anyone who gives a gift aid gift or gifts in a year of over £40,000 may see their tax relief restricted, and may even find that they have to pay HMRC for the privilege.

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risk assessment - it's why you became a trustee!

By Alan Hough | 19 March 2012

Well, perhaps not.  However, risk assessment is an oft-maligned, sometimes misunderstood creature seen to be wrapping churches up in time-consuming unnecessary red tape whilst the real work of ministry remains dormant.

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faithful in the little things

By Ken Brew | 19 March 2012

If you are faithful in little things, you will be faithful in large ones; Luke 16:10a (NLT).

This is really another article about Internal Controls written by a former auditor with experience as a Charity Commission investigator; I want to emphasise how important it is that those “little things” are done well.

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review of charity law

By Kevin Russell | 19 March 2012

The Government’s Review of the Charities Act 2006 and of the legal and regulatory framework for charities is now well underway. Stewardship’s Technical Director, Kevin Russell is participating in several meetings with Lord Hodgson who is leading the review.

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changes to the PAYE system - Real Time Information

By Kevin Russell | 19 March 2012 | Comments (3)

Payroll procedures are changing! From April next year, employers and pension providers will need to provide ‘Real Time Information’ online, to HMRC. Submissions will provide HMRC with tax, national insurance and other payroll deductions for each employee, together with changes to the payroll (starters, leavers), every time the payroll is run.

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energy supplies - are you being overcharged?

By Kevin Russell | 19 March 2012

A recent survey calculated that charities paid £78m of unnecessary tax on their energy bills in 2011. A staggering 46% of charities surveyed didn’t realise they only have to pay 5% VAT on their energy costs.

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