Monthly bulletin: Charity tax – what you need to know

The monthly bulletin “Charity tax: what you need to know”, provides a high level update on major developments in charity tax.  Regular subscribers to the CTG newsletter will receive this update, but others interested in receiving it can register by completing the form below.

Charity tax - what you need to know

You can also register for CTG’s weekly newsletter here.

Charity tax: what you need to know this month

Employment tax webinar

It is very important that charities are aware of their employment tax responsibilities. CTG’s next Expert Insight Session, is taking place on 28 April 2021 and speakers from BUFDG, Deloitte and Haysmacintyre will provide an update on topical developments including the Job Retention Scheme and remote working. To register please complete this form.

What you need to know this month

  • Key tax developments in April 2021: A detailed list of changes in April 2021 and the start of the new tax year can be found here, including:
    • Confirmation of various tax rates and allowances
    • Business rates holidays and Restart Grants
    • New digital links requirements for Making Tax Digital
    • Changes to IR35
    • Tax relief for staff working at home due to COVID
  • Introducing the new Chair: The Charity Tax Group has a new Chair, Richard Bray. You can find out more about CTG’s plans for the future via these slides and this recording (20 minutes). 
  • Save the date – Gift Aid Awareness Day (7 October 2021): Further details on the annual campaign will be announced in the coming months. Last year’s resources can be accessed here. 
  • VAT deferral: HMRC has confirmed that companies will be liable for a 5% penalty or interest if they do not pay in full or make an arrangement to pay deferred VAT by 30 June 2021. Find out more about the repayment options here.
  • Future of Gift Aid project: Read an overview of the cross-sector project, led by CTG, which is aiming to automate Gift Aid, embrace new payment technology and ensure the relief is fit for the future.
  • The potential of civil society: The Law Family Commission on Civil Society is seeking input on how best to unleash the full potential of civil society in the 2020s. The call for evidence closes on 10 May 2021 and CTG will be highlighting the importance of a simple and effective tax system for charities.
  • Fundraising restrictions lifted: A new blog by the Chartered Institute of Fundraising reviews key considerations for charities resuming fundraising activities following lockdown. Re-opening guidance has also been published by sector bodies for charity shops, museums and village halls.
  • FEATURE – Giving Checkout: Giving Checkout is a new simple online donation tool from JustGiving for your direct giving, with 0% fees (including regular gifts) and 100% donor data. With Giving Checkout, you can receive online donations direct to your cause – via your website, email and even direct mail. The Giving Checkout options available in your JustGiving account take a few minutes to set up and the online donation form can be easily customised in a number of ways.

New VAT practical issues working group

CTG is considering setting up a new VAT practical issues working group where charity staff can share experiences and best practice. If you or a colleague are interested in a group like this please contact [email protected].

Follow the Charity Tax Group on Twitter @CharityTaxGroup.