There is no overall tax exemption for charities, however a number of important reliefs and exemptions do exist. The lack of a general exemption means charities need to be aware of the tax issues and to be carefully organised if they are to keep their tax liabilities to a minimum and preserve their funds for charitable works.
As well as tax compliance, we deal with Gift Aid, trading and sponsorship issues, land development and overage considerations. We can inform individual decisions on transactions or investments with expert advice that ensures the maximum benefit and minimum risk to stakeholders.
We can help you with:
Gift Aid reviews to identify areas where income could be boosted by optimising use of the scheme;
Assistance with the establishment of tax efficient subsidiary companies;
Review of corporate and group structures for tax efficiency including group rationalisation and profit shedding;
Consideration of potential tax consequences of significant new contracts and agreements;
Advise on the establishment of ‘dual-qualifying’ charities, a tax efficient structure which connects a UK and US charitable organisation.
Our tax and audit specialists work as one team, so ensuring all your deadlines are met and relevant information is shared to provide a consistent and co-ordinated approach. As well as external all year round communication with you – we share latest tax updates and industry insights, and present an ‘Annual Charity Tax Update’ covering the effects of the Chancellor’s Budget.