Charity taxation proving too taxing? Fear not, help is at hand.
The Charity Tax Group has just published its 2nd edition of their ‘Charity Tax Map‘, which a foreword by Treasury Minister for Charities, Sajid Javid MP calls “a detailed and comprehensive review of taxes, exemptions and reliefs applicable to charities“.
The CTM is a full and detailed exploration of the tax system for the charity sector, and has so far proved to be a very useful reference document for this oft-confusing area.
The 2nd edition of the CTG covers VAT, import duties, corporation tax, capital gains tax, includes sections on stamp duty, business rates, council tax, PAYE and income tax, and overseas taxes. It identifies the various tax reliefs available to charities, and helps trustees know what they need to know, and when to take professional advice.
It also includes new sections on recent changes such as the cost-sharing group exemption, the Gift Aid Small Donations Scheme, VAT on protected buildings and bulk postal mailing, and other updates on direct and indirect taxes.
The Updated Charity Tax Map Matrix, remains a useful addition. The matrix provides an indication of the taxes and reliefs that might be relevant for particular types of activities, and is a useful signposting tool to help charities assess their potential tax position.
For more information, do contact me: andrewkmackay[at]gmail.com or @BetterCharity.