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.
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.