What does charity finance have in store for 2020? Like most sectors across the UK, the charity sector is going to face a variety of challenges in 2020. At this moment in time a large majority of the problems are arising on the financial side. However, it’s not just a...
Central Government and Local Councils urged to increase funding levels to prevent job losses in the care sector Care operators continue to feel the pinch as further National Living Wage and National Minimum Wage increases set to come into force from April 2020. The...
CHARITIES AND VAT It is wrong to assume that Charities get special VAT treatment, however, they do benefit from VAT relief on the purchase of some goods and services. They can also get a VAT exemption on income from fundraising events as long as certain conditions are...
Chancellor Sajid Javid announces 2020 Budget for 11 March 2020. The Budget is the government’s annual announcement on its plans for spending and taxation for the upcoming financial year. It will be Sajid Javid’s first Budget since he became Chancellor in July 2019 and...
UK house price growth increases by over 1% for the first time in a year In the year 2019 house prices rose by 1.4% according to the Nationwide. In December it was the first time in 12 months the annual price growth had increased by more than 1%. However, the...
What is IR35? IR35 relates to the ‘off payroll working’ tax rules which were enacted to target tax and national insurance avoidance that was arising from arrangements whereby a worker would form a personal service company (PSC) or other intermediary which engaged with...
HMRC offers tips on avoiding Self-Assessment tax scams HMRC is giving information to taxpayers to help them avoid scams ahead of the Self-Assessment deadline. HMRC is warning millions of Self-Assessment taxpayers to be aware of fraudsters in the run up to the 31...
Top 10 Errors at VAT Inspections VAT inspections used to be a fairly regular occurrence for VAT-registered business owners and were often viewed as a terrifying and potentially costly experience. Whilst the regularity of VAT inspections has decreased significantly...
Boris’ plan for the NHS After winning the general election last month Conservative leader Boris Johnson has confirmed that the NHS would be a top priority for the government. The Conservative manifesto stated that the NHS budget will increase by £33.9 billion by...
What does charity finance have in store for 2020? Like most sectors across the UK, the charity sector is going to face a variety of challenges in 2020. At this moment in time a large majority of the problems are arising on the financial side. However, it’s not just a...
Central Government and Local Councils urged to increase funding levels to prevent job losses in the care sector Care operators continue to feel the pinch as further National Living Wage and National Minimum Wage increases set to come into force from April 2020. The...
CHARITIES AND VAT It is wrong to assume that Charities get special VAT treatment, however, they do benefit from VAT relief on the purchase of some goods and services. They can also get a VAT exemption on income from fundraising events as long as certain conditions are...