Not for Profit eNews – June 2021
Posted on: June 11th 2021 · read
NfP eNews - June 2021
In this month’s edition, we are revisiting the responsible investment guidance issued by the Charity Commission, a topic we briefly discussed in May’s edition of eNews, but this time we will go into more detail. The consultation has now closed, and the Commission is currently analysing the results.
HMRC has issued new guidance on claiming Gift Aid on waived refunds and loan repayments. In April 2020 HMRC agreed to introduce a temporary concession to allow waivers of refunds and loans to charities to be treated as donations upon which Gift Aid could be claimed. This concession has now become permanent.
With the easing of some of the Covid rules, community amateur sports clubs may have utilised the outside space to generate more income by serving drinks outside. We provide a recap of the key HMRC CASC rules and we discuss the key tax risks associated with the increase of utilisation of outdoor space for generating income.
Finally, a new trustee recruitment guidance was launched by Reach Volunteering in collaboration with Association of Chairs, Small Charities Coalition and Getting on Board. We provide an overview of the issues the guidance aims to tackle.
Download a copy of our latest newsletter using the link below or if you have any questions, please do not hesitate to contact Stuart Mckay.
If you have any questions about the topics raised in this issue or would like to discuss your accounting and business advisory needs with one of our sector specialists, please contact Stuart Mckay, Not for Profit Partner directly or send us an online enquiry.
NFP e News June 2021