Latest news

National Minimum Wage: Time for action as HMRC moves the goalposts


HM Revenue & Customs (HMRC’s) change of policy and automatic naming and shaming means it’s time to review procedures for any business with employees paid at National Minimum Wage (NMW) rates. HMRC have today released…

Gender pay gap reporting – what’s involved?


The gender pay gap has attracted much attention from the press in recent months. As the deadline for the first gender pay gap report fast approaches, are you aware of your reporting requirements and do…

Who can run a charity? Changes to automatic disqualification coming soon


From 1 August 2018, changes to the automatic disqualification rules mean that there will be more restrictions on who can run a charity. Charities will need to update their charity governance policies and processes to…

ICAEW Confidence Monitor – improvements in business confidence


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


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


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


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


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…

The A-Z of VAT for charities


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…