There are a number of valuable VAT reliefs for construction of buildings that are to be used for a ‘relevant charitable purpose’. Churches are one of the most frequent benefactors of these reliefs and VAT can be a significant proportion of project costings. Churches therefore need to be aware of the reliefs that are available and the limitations of those reliefs.
Missed the January dial-in? No worries, you can catch up here.
In Share 32, we referenced a number of briefing papers and blogs for further reading. You'll find links to them inside.
In issue 29 of Share magazine, Kevin and Steve refered to several blog posts and briefing papers. You'll find full links to each of these below.
It’s Tax Return season again! So we are encouraging all donors to make sure that they are claiming all of the tax relief that they are entitled to, on Gift Aid donations.
Have you tried to submit an R68(i) Gift Aid form since 30 September 2013? Have you had your claim rejected? Are you wondering what to do next?
The method for claiming Gift Aid has changed and despite lobbying by Stewardship and other charities, the transitional period for continuing to claim using the old R68i claims form is still expected to finish on 30th September 2013.
A reminder that the new reduced rate of Inheritance Tax is now in force. It applies to deaths occurring after 5 April 2012. Where more than 10% of the net estate is given to charity, the rate of tax applying to the rest of the estate is reduced from 40% to 36%. Charitable gifts are of course tax exempt.
The Scotland Act 2012 received Royal Assent on 1 May 2012.The Act gives the Scottish Parliament the power to set a Scottish rate of income tax to be administered by HMRC. Applying to the non savings income of Scottish taxpayers and expected to be implemented from April 2016, it provides for a number of taxes to be devolved to Scotland, including land taxes.
blogs by the Stewardship team and selected guest writers.
Stewardship is the operating name of Stewardship Services (UKET) Limited. Established in 1906.
Registered charity no. 234714, and a company limited by guarantee, registered in England no. 90305.
Registered office: 1 Lamb's Passage, London EC1Y 8AB
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