In 2021, CTG has launched a new programme of monthly training sessions, open to all members, on topical tax issues for charities. The meetings will take place in a virtual format and take place for an hour at the end of the day. Sessions are addressed by expert speakers with a mixture of presentations and panel discussions.
Our latest session, on 22 July 2021, considered the “implications of Brexit: six months on for charities and included panellists from BUFDG, RNLI and HW Fisher. This was a very interesting session with lots of practical feedback and we encourage all charities and advisers to watch the recording (approx 1 hour) and read the slides. To share feedback on your own experiences of Brexit to date please contact [email protected].
Slides and recordings of recent sessions on Making Tax Digital for VAT, Employment taxation, Business Rates, Tackling the Gift Aid Gap, donor experiences of Gift Aid and Budget 2021 can be found below.
The next Expert Insight Session will take place on 15 September 2021 and will be a summary of topical VAT developments from CTG’s Technical Adviser, Graham Elliott. To register your interest in attending this VAT session please complete the form below or contact [email protected]
Making Tax Digital for VAT: Digital Links (14 January 2021 and 25 February 2021)
HMRC officials have participated in two sessions with CTG members to answer their questions on digital links requirements that become mandatory for Making Tax Digital for VAT from 1 April 2021.
The slides from the February meeting (mainly focused on charity questions on “digital links) can be downloaded here and you can view a recording of the session here. You may well find it helpful to review their answers and the practical help that you can find in the VAT Notice. We have asked HMRC to provide written responses to the questions discussed during the meeting and the other questions that were submitted. If you have any other outstanding questions about digital links, please send them to [email protected].
Following these two sessions we would welcome feedback from you about your implementation of digital links and whether you feel better informed about HMRC’s requirements from April.
Brexit (27 January 2021)
The second session, on Wednesday 27 January 2021, focused on the tax implications of Brexit for charities. It included a series of short presentations from representatives from HMRC, DCMS, BUFDG, and Bates Wells. The slides from the meeting are available here and a recording of the session can be viewed here (approx 1 hour). Andrea Marshall, Tax Specialist at BUFDG has also kindly shared with CTG members their Post 1 January 2021 guide to Imports. This is written with a university audience in mind but is worth reading for any charities involved with imports.
Business Rates (24 February 2021)
John Webber, Head of Rating at Colliers International provided an overview of the business rates questions charities should be asking, encourage them to consider whether COVID-19 has resulted in a material change in their circumstances for rates purposes. While there is no immediate indication that charitable rates relief is under threat, we must continue to demonstrate its value and importance to our sector. John encouraged us to ‘lobby’ for the sector and that is what we intend to do!
John recently produced a commentary for CTG on what charities should be concerned about with regards to business rates. CTG’s response the Fundamental Review of Business Rates (England) can be read here.
Fiscal environment and tax landscape for charities following the Budget (30 March 2021)
- Matthew Whittaker, CEO, Pro Bono Economics
- Richard Wild, Head of the Technical Tax Team, Chartered Institute of Taxation
- Nicola Evans, Charities Counsel, BDB Pitmans
- Graham Elliott, CTG Technical Adviser
Employment tax issues for charities (28 April 2021)
Over 130 charities and advisers participated in this session on employment tax issues for charities, which included speakers from BUFDG, Deloitte and Haysmacintyre. The panellists discussed HMRC compliance action on the Job Retention Scheme, new IR35 rules, employment status and issues relating to remote and international working.
Tackling the Gift Aid gap – new integration between JustGiving and SwiftAid (27 May 2021)
JustGiving and Streeva (which operates the SwiftAid solution) are joining together to integrate their systems to help maximise Gift Aid claims. Oliver Shaw Latimer, Director of Global Fintech at Blackbaud and David Michael, CEO and founder of Streeva addressed the following issues in their session.
- The challenge of the ‘Gift Aid gap’ – why it’s there, why it’s an increasing problem, how much the sector is losing through this
- Narrowing the gap through retrospective claims
- New JustGiving and Swiftaid integration and benefits to charities
- Possible future functional extensions (including via Open Banking, individual taxpayer profiles via ‘deeper’ connection to HMRC, wider network integrations).
A recording of the session can be accessed here (approx 1 hour) and the slides can be downloaded here. We hope to publish responses to all the questions that were unanswered during the meeting in due course.
Gift Aid user research by HMRC (10 June)
What do donors really understand about Gift Aid? Do they know whether they have paid enough tax to cover their Gift Aid claim? What level of awareness is there about the scheme and what more could charities do to promote it?
HMRC recently undertook research with a user panel to find out and project lead Gruff Weston shared their findings with CTG members on 10 June 2021.