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The first edition of HMRC's charities newsletter has been published. This is a new publication to keep the charities sector informed on developments likely to be of interest.
It reminds charities that from 15 March 2023 tax reliefs and exemptions for charities are restricted to UK charities. Any non-UK charities that were registered with HMRC on that date will continue to be able to claim these until 5 April 2024.
Two other articles are summarised below.
Charity compliance consultation
HMRC is consulting with the charities sector on reform of the tax rules to help tackle non-compliance and protect the integrity of the sector. The aim is to ensure that charities continue to benefit from the tax reliefs that they are eligible for but to ensure that the rules work as intended.
The department says that any changes would not detract from the overall...
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