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Beware of “public disbenefit”

http://www.oscr.org.uk/news-and-events/latest-news/adoption-charity-unlawfully-discriminates/ The Office of the Scottish Charity Regulator (OSCR) has recently upheld its previous finding that St. Mary’s adoption agency fails the charity test because it fails the public benefit test. (By not allowing children to be adopted by homosexuals who co-habitate). “OSCR found that the charity does not provide public benefit because the way […]

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Annual Payroll and RTI (real time information)

Under real time information (RTI) PAYE reporting, a Full Payment Submission (FPS) report is required to be made to HMRC every time an employee is paid, not just once after the end of the tax year as is currently the case. RTI will be compulsory for most employers from the first pay date following 6 […]

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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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“Charities online” – the new Gift Aid claiming system

HMRC is commencing a new service, “Charities Online“. It will make repayment claims faster and easier by filing online. The current R68(i) print and post repayment form will be replaced. From 22 April 2013, churches/charities can sign up to make repayment claims electronically using “Charities Online”. When you submit a claim using “Charities Online”, you […]

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Aged personal allowance

This year, the personal tax allowance is £10,500 for the 65-74 year olds and £10,660 for those aged 75 or more. There are two changes from 2013-14. First the allowance for those already over 65 will remain unchanged. Second, anyone who reached 65 on 6 April 2013 or later, (those born on 6 April 1948 […]

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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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New tax Free Allowance

This may be of interest for Self employed pastors of churches. The standard personal allowance (amount of tax-free income) for 2013/14 will be £9,440. We had been expecting a smaller increase to £9,205. The new higher allowance allows an individual to earn £181.54 per week (about £787 per month) tax free. But the NIC thresholds […]

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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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