Welcome to the Autumn 2019 edition of Mitchell Charlesworth’s charity newsletter.
In this edition we’ve provided an update on pertinent financial issues affecting the charity sector.
As we highlighted in our January edition, changes to the Charity SORP affected those with reporting periods beginning on or after 1 January 2019. Now the SORP Governance Review Panel are making recommendations for change to ensure that the way that charities reporting under the Statement of Recommended Practice (SORP) meets new public expectations and are fit for the future.
It’s not only SORP comes under the spotlight; the NCVO recently suggested a variety of ways in which tax reliefs offered to UK charities can be enhanced in order to maximise charities’ income and reduce their spend on unnecessary administration.
As always, we hope you find the topics informative. If there are other things that you would like us to cover in future editions please don’t hesitate to put forward your suggestions.
If you have any questions about any of the articles, discuss a current issue you may be having, or would like to arrange an appointment, please contact one of our specialist partners:
- 3000 charities required to submit a tax return by HMRC
- Media Trust launches free digital marketing webinars for charities
- Charity reporting & accounting needs to change, says SORP panel
- HMRC tells charities not to claim VAT relief on social media advertising
- Charity tax reliefs need urgent overhaul, finds NCVO commission
- Should the role of treasurer be abolished?
- Update on Making Tax Digital for VAT - August 2019