Category: Compliance

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Self Employed Travel Expenses

The miles you drive to reach each of your customers from your home base are used to calculate the amount of travel expenses you claim in your business accounts. This is all good, but HMRC has recently argued in a tax case that where the business is based at the person’s home, that home-office can’t […]

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Gift Aid small donation scheme

Starting April 2013, HMRC will introduce “GASDS” (gift aid small donation scheme). This is a new scheme to enable Gift Aid style payments on CASH DONATIONS where it is difficult to get a gift aid declaration (such as bucket donations or church “plate” donations.) Charities and amateur sports clubs (CASC’s), will be able to claim […]

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Gift aid donation – have you paid enough tax ?

To work out if you’ve paid enough tax to cover your donations, divide the donation value by four. For example, if you give £100 in a particular tax year you will need to have paid £25 tax over that period. (£100/4 = £25). This calculation is based on the basic rate tax of 20 per […]

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Streamlined Gift Aid for charity shops

http://www.mynewsdesk.com/uk/pressroom/hm-revenue-customs-hmrc/pressrelease/view/streamlined-gift-aid-for-charity-shops-823975 Here is the article in full which describes well a great benefit for churches with charity shops… New rules that will lift the administration burden for charities claiming Gift Aid on the proceeds of donors’ goods sold by charity shops have been announced by HM Revenue and Customs (HMRC). The new rules allow donors […]

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“Freeing up” restricted funds

Charities now have access to a new means of “freeing up funds” for charitable purposes. The “Charities Restricted Funds Reorganisation (Scotland) Regulations 2012” came into effect on 1 November, allowing charities to apply to OSCR to “unlock assets” that cannot currently be used, due to outdated restrictions. “Restricted funds” are assets which someone has given […]

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Not in Scotland please !

Australia is looking at setting up a similar Government body to the Scottish OSCR (Office of Scottish Charity Regulator). But some alarm bells are ringing. The Aussie equivalent is thinking of taxing charity income “of unrelated commercial activities that are not directed back to their altruistic purpose”. What does that mean ?. How long will […]

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A quick question regarding mileage payments

  Here is a common question: I am employed by a charity that provides me with a car less than 1400 cc. They pay for all the petrol, but the charity reimburses me for work related journeys at .15 pence per mile. This rate has not changed since June 2011, although the price of petrol […]

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Trustees Annual Report

OSCR would like your Trustees Annual Report to be more than a “box ticking” exercise. At a recent conference I attended, a session with OSCR highlighted the following; – does your “Trustees Annual Report” (TAR) show the passion of the Trustees in the report ? – make it interesting by putting photos and graphs in […]

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New legal “form” or type of Scottish charity.

From the 1st January, the Office of the Scottish Charity Regulator (OSCR) has introduced a new legal “form” or type of charity. This is unique to Scottish charities. Scotland leads the way again !. They have named it as follows; “Scottish Charitable Incorporated Organisation”. I notice on their brief, they call these new organisations: “SCIO Organisations”, or […]

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Welcome

Peter Hall provides tax, accounting, payroll, business and administration services & advice. We have accumulated 35 years experience in banking, tax and accounting. We also offer administration services to Charities. You can keep contact with us by Skype, or FaceTime if you are an apple user if urgent issues arise. We also has an agent code with HMRC for […]

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