The Charity Commission has launched a new public register for charities – making information more transparent. Using the below link, anyone can search for details of a charity which includes data such as financials, who the trustees are, and whether the charity fundraises from the public. The Charity Commission wants members of the…
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From 3 to 31 August 2020 businesses that offer a discount under the The Eat Out to Help Out Scheme are able to claim the discounted amount back from the Government. Whilst on the face of it you might expect VAT only to be payable on the discounted amount, in-fact VAT is payable…
As the country starts to emerge from the Coronavirus pandemic where many businesses have simply been striving to survive, the new focus is likely to become one of growth. Many bodies and institutions around the world are therefore looking to offer help in bringing the economy up to full speed again and ensuring that it…
While the Coronavirus pandemic holds our attention it is easy to overlook other changes taking place in its shadow. From 1 June 2020 new electrical safety regulations have come into force which apply to all new lettings of dwellings; from 1 July 2020 (tomorrow!) the regulations will be extended to cover all existing lettings of…
HMRC has announced that the domestic reverse charge on constructions services, which is due to come into effect on 1 October 2020 has been delayed until 1 March 2021. This will be welcome news as it provides businesses with additional time to prepare for the introduction of these new rules. At Whiting & Partners…
The Charity Commission released updated guidelines in April 2020 for auditors and independent examiners. This was based around the statutory duty to report to the charity regulators in the UK on matters of material significance. The three main changes in this updated guidance are as follows: confirmation that difficulties in carrying out an audit…
As part of it`s support package for UK businesses during COVID-19, the Government have now launched, through the British Business Bank, a new initiative: Future Fund. This is aimed at helping businesses that regularly finance their operations through successive equity funding rounds (ie start-up TechCo`s). Eligibility criteria: UK based businesses which have been operating…
The Government has issued guidance notes to clarify the extent to which the Furloughing arrangements can be offered to all public sector workers including contingent workers being paid under PAYE, through an umbrella or their own personal service company. This means that the scheme can be offered to those individuals who: work through a…
Only days after Budget 2020 confirmed that IR35 reforms to the private sector would go ahead, the changes have been postponed until 6 April 2021. Chief Secretary to the Treasury, Steve Barclay MP, confirmed “This is a deferral and not a cancellation”. Amongst the unintended consequences of this legislation, the lack of employment rights for…
All charities must file their Annual Return with the Charity Commission every year. The Charity Commission have released guidance regarding the current situation for anyone affected by coronavirus. If you are due to submit an annual return, but are unable to due to the virus, you must contact the Charity Commission before the filing…
