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ICAEW Confidence Monitor – improvements in business confidence

22/02/2018

Business confidence has improved since the release of the last ICAEW Business Confidence Monitor in November 2017, but remains in negative territory. The Confidence Index has been negative for 6 of the last 7 quarters,…

Focus on safeguarding for charities

21/02/2018

Following the recent safeguarding revelations surrounding Oxfam and other charities, the Charity Commission has announced a range of measures focused on safeguarding charities: Summit on safeguarding in UK charities. The summit aims to highlight the…

Cyber security for charities

20/02/2018

Fraud awareness is essential to safeguard the assets of a charity. The Charity Commission has issued guidance on protecting your charity from fraud which was updated in January 2018. Trustees can also test and improve…

Charities holding investments – the need to obtain a Legal Entity Identifier code

08/02/2018

The Legal Entity Identifier (LEI) system was developed following overhaul of European legislation and came into effect in the UK on the 3 January 2018.  It is aimed at improving the functioning of financial markets…

Changes to the Charities Annual Return

06/02/2018

After extensive consultation, the Charity Commission has made changes to the annual return for financial years ending on or after 1 January 2018. The rationale behind the changes was to simplify the return for most…

Travel expenses for employees and directors – the do’s and don’ts

01/02/2018

Travel can be a tricky area when it comes to claiming expenses. With so many ways to get about, and blurred lines on when a journey is business or private, it is important to know…

The A-Z of VAT for charities

31/01/2018

VAT is charged on taxable supplies of goods and services. Different rates of VAT are applied to different sorts of supplies, and some are exempt from VAT. Also, many charities undertake non-business activities, which can…

Be ready for the increase in minimum contributions for auto enrolment pensions

25/01/2018

By the end of March 2017 more than 7 million workers had been successfully automatically enrolled into a workplace pension. But from April 2018 the minimum pension contributions are set to increase. As an employer,…

Payrolling company car benefits – myth busting

10/01/2018

Guidance issued by HMRC has led some directors to believe the payrolling of company cars will be compulsory from April 2018. It will only be compulsory if you have opted to payroll taxable benefits and…

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