VAT at 40: a win for the exchequer but a loss for the charity sector

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May 7, 2013 at 19:35

Last month, the start of a new tax year, was an unexpectedly busy one for charities, with procedural changes afoot to Gift Aid claims and PAYE, and the introduction of the new Gift Aid Small Donations Scheme. Amidst this noise, a tax milestone worthy of comment almost passed us unnoticed; VAT celebrated its 40 birthday!  Given the sector’s long-standing adversarial relationship with it, it’s a timely reminder of  the VAT anomalies charities face even after 40 years. VAT has always been a hugely controversial area for charities – and is possibly the finest example of where the failure to account […]

Real Time Information: are you ready for the changes to payroll?

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March 18, 2013 at 11:09

The start of the new tax year will bring with it significant changes to the way PAYE is administered. The big question for employers is – have you been paying attention? Susan Ball, director of the Employers Advisory Group at national tax, audit and advisory firm Crowe Clark Whitehill runs through the changes coming under Real Time Information (RTI) PAYE reporting system.   HMRC wrote to all employers in early 2013 to let them know their RTI migration date. For most this is likely to be the next payment run after 06 April 2013.  What is RTI? RTI is more […]