CTG Newsletter – 10 October 2016
Autumn Statement Submission
In a submission in advance of the 2016 Autumn Statement, the CTG has outlined a number of policy areas on which the Government could take action to improve the tax position of charities.
CTG Chairman John Hemming commented:
“Given the uncertainty within the sector following the decision to leave the European Union, the Autumn Statement presents an important opportunity for the Government to demonstrate its continued support for charities. This should include a commitment to review the scope of VAT refund schemes to tackle the pressure of irrecoverable VAT; extending Apprenticeship Levy contributions to volunteer training costs; and improved guidance and communication on the Common Reporting Standard and various Gift Aid issues.
“As tax policies are developed we urge officials to continue to consult key stakeholders, to avoid unintended consequences and identify important opportunities for simplification of the tax system for charities.”
The full submission can be read here. The Government will publish the Autumn Statement on 23 November 2016.
Payroll Giving campaign launched
Minister for Civil Society Rob Wilson MP has addressed the launch of the Geared for Giving Campaign, supporting Payroll Giving. The Campaign aims to double the amount raised by Payroll Giving for charities to £260m annually, by increasing the number of employees giving through pay from one million, to two million within the next five years. Further information is available here.
CTG Seminar in Cambridge (26 October 2016)
CTG invites you and your clients to participate in a session for charities and advisers exploring recent policy developments and providing practical tax updates. CTG’s technical adviser, Graham Elliott, will be giving a presentation and there will also be an opportunity for a Q&A with an expert panel. Topics being covered will include VAT, Gift Aid, the Common Reporting Standard and the Apprenticeship Levy as a well as a review of the potential implications of Brexit for the sector.
The seminar will take place at Mills & Reeve’s Cambridge office on Wednesday 26 October 2016 from 14:00 to 16:00. Registration and a sandwich lunch will be available from 13.00.
You can register for this free event here.
HMRC guidance on capital taxation and tax-exempt heritage assets updated
HMRC guidance on capital taxation and the national heritage has been updated, although it is not yet clear what content has changed and whether it is relevant or not. CTG is checking with HMRC officials and provide an update as soon as possible.
Consultations tracker
Open consultations
CTG will be responding to a number of important consultations over the next few months. Our consultation responses rely on input from members and we would encourage you to send us your thoughts, and where relevant submit your own consultation response. The deadlines for forthcoming consultations are outlined below. Please send your feedback via the relevant consultation page on the CTG website or to info@charitytaxgroup.org.uk.
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