Existing charity tax reliefs should be protected & tax compliance and administration simplified. Protecting existing business rates & VAT reliefs is crucial as is future-proofing tax systems and legislation #charitytax#budget2021 2/
COVID-related support measures, such as the #JobRetentionScheme, #ExpandedRetailDiscount & temporary #5percentVAT rate on hospitality, hotel & holiday accommodation and admissions have helped many charities * should continue where possible while lockdown restrictions continue 3/
Government should continue investing in the Future of #GiftAid project to help ensure Gift Aid is fit for the digital age, including, where relevant allowing minor changes to legislation. Automation can increase Gift Aid claims and reduce errors /6 swiftaid.co.uk/foga/
Government must adopt a flexible #subsidycontrol system post-Brexit to ensure that that charities with large property portfolios do not miss out on essential #businessgrants (worth £millions), designed to help mitigate the impacts of lockdown /7 charitytaxgroup.org.uk/news-post/2021…
To support #charities recover from COVID-19 and the shutting of charity shops and fundraising events, the Government should consider a temporary increase in the value of #GiftAid, incentivising giving in the process 8/ cafonline.org/about-us/caf-c…
To recognise the unprecedented impact of #COVID19 charities have also asked for an extension of the 9 month time limit for payment of Gift Aid payments from trading subsidiaries to parent charities /10
To avoid the #ApprenticeshipLevy simply becoming another tax that many charities cannot make full use of, we have also called on the Government to extend the Levy to training and/or volunteer costs /12
In a similar vein we also call on the Government to review the appropriateness of #InsurancePremiumTax on charitable activities and to commit to no further increases /13
Lastly the submission calls on the Government to extend the funding for the #ListedPlacesofWorshipGrantScheme in advance of considering the reinstatement of a suitable charity listed buildings tax relief now that EU VAT rules are no longer an obstacle to this #charityvat /14
If these issues are of interest to your charity, please register for CTG's regular newsletter to receive #charitytax updates and event invitations 15/ charitytaxgroup.org.uk/join-us/
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To avoid the #ApprenticeshipLevy simply becoming another tax that many charities cannot make full use of, we have also called on the Government to extend the Levy to training and/or volunteer costs /12
In a similar vein we also call on the Government to review the appropriateness of #InsurancePremiumTax on charitable activities and to commit to no further increases /13
Lastly the submission calls on the Government to extend the funding for the #ListedPlacesofWorshipGrantScheme in advance of considering the reinstatement of a suitable charity listed buildings tax relief now that EU VAT rules are no longer an obstacle to this #charityvat /14
👍@MartynDaySNP for asking @DCMS to support #GiftAidRelief. @JWhittingdale confirmed support for #GiftAid but noted the proposals would break the link to tax paid & impact <20% of charities - the charity sector welcomes this dialogue & is happy to address these concerns 1/
The Minister noted that <20% of charities would benefit from #GiftAidrelief. 73,050 charities claimed #GiftAid in 2018/19 approx 40% of UK charities representing a major part of the sector workforce & beneficiaries. The proposal has widespread support 2/ assets.publishing.service.gov.uk/government/upl…
The response also notes that the main benefit would be to large charities - while true in monetary terms, #GiftAid is a significant and larger proportion of the income for smaller charities (as per @CharityTaxComm) so boosting the value of #GiftAid would make a huge difference 3/
#Charities: The Coronavirus #JobRetentionScheme was updated late on Friday. This thread reviews the various guidance notes that have been updated. Firstly there is a new policy paper on changes to the Scheme 1/ gov.uk/government/pub…
The first time you will be able to make claims for days in July will be 1 July, you cannot claim for periods in July before this point. 31 July is the last day that you can submit claims for periods ending on or before 30 June. The Scheme will close on 31 October 2020. 2/
From 1 July, employers can bring furloughed employees back to work for any amount of time and any shift pattern, while still being able to claim CJRS grant for the hours not worked 3/