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29/11/2013

Warning to Charities

HMRC has recently issued updated guidance to charitable organisations. They have warned that an individual who has used a tax avoidance scheme featuring charitable reliefs, used a charity to facilitate such avoidance or been involved in designing or promoting tax avoidance schemes may not be considered as a fit and proper person to manage or control a charity.

Accordingly, the involvement of such an individual in the management or control of a charity may jeopardise any claims that charity makes for tax relief. It may therefore be advisable to inform your trustees and managers of this change and ask them to make a declaration that they have not been party to any such scheme.

If you would like more information, please contact us on 01737 854 500 or email [email protected]


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