Charities are entitled to mandatory rates relief of 80% of any business rates payable but it is only available when the charity is the

Relevant questions about a charity’s financial health and performance include: Does the charity have a diverse range of income sources? A charity that is

Charity status is a broad category rather than a type of business, and as such directly comparing two charities by their financial statements may

Charities have to prepare their accounts in accordance with a guide called the Statement of Recommended Practice (SORP), which in turn is based on

If a UK taxpayer owns the freehold of a property and lets a charity use the property for free or at a below market

Gifts of most shares and securities will give tax relief for the donor at the market value of the disposal, plus any transfer costs

Legacies are an important source of income for many charities, and both lifetime and death transfers of property to a UK established charity are

The payroll giving scheme enables employees to make regular donations to charity by having their donations deducted from their salary before calculation of their

As the trading company is a separate legal entity it must register for VAT if its taxable supplies exceed the VAT registration threshold. Any

Charities only retain tax relief if their income is spent on their charitable purposes and tax exemptions are not available for non-charitable expenditure. Non-charitable

The Gift Aid distribution of profits from a trading subsidiary to the parent charity can only be made from distributable profits. This means that

So that a subsidiary does not pay tax, it must shed its taxable profits by tax-effective transfer to the charity by Gift Aid. However,

All charities must disclose details of any remuneration or benefits received by trustees from the charity or a related entity or state if there

A charity must identify who its related parties are and this will always include trustees, their close family members and any entities within a

Heritage assets are assets with historical, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained for their contribution to knowledge and

There are a number of bases for apportionment that may be applied, such as proportion of direct costs, staff numbers, floor area or staff

Charities sometimes receive goods as donations, rather than cash. The value placed on gifts in kind included in the Statement of Financial Activities (SoFA)

The different types of funds are: Endowment funds are donations that have been given to a charity, either to be held as capital with