Charities exempt from quarterly online tax returns

We have been contacted by a number of our concerned charity clients regarding the imposition of quarterly tax returns.

I Stock _000019713622_Small Copy

We understand that HM Revenue and Customs (HMRC) has advised that charities will be exempt from new digital filing requirements as a result of responses to the Making Tax Digital consultation.

However, the exemption does not extend to any trading subsidiaries of charities who will have to follow the new rules.

If you have any questions or concerns please contact our charities team.

Registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales and authorised and regulated by the Financial Conduct Authority for investment business