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\n The June 2023 edition<\/a> includes guidance on various points, including the following.\u00a0<\/p>\n The newsletter reminds readers that, with effect from 15 March 2023, tax reliefs and exemptions will be restricted to UK charities only. Any non-UK charities registered with HMRC before that date will be able to claim reliefs until 5 April 2024.\u00a0<\/p>\n A consultation is currently open to look at ways in which non-compliance with tax requirements can be reduced in the charitable sector. These include:\u00a0<\/p>\n HMRC is considering both the viability and desirability of new systems, and better use of technology and online services, to improve administration of the gift aid system. HMRC is asking for volunteers to share their experience of using the system, from charities that claim gift aid through a variety of methods to those who don\u2019t claim it at all.\u00a0<\/p>\n A charity moving from unincorporated to incorporated status will become a new legal entity and must therefore make a new application<\/a> for HMRC recognition.\u00a0<\/p>\n When making an adjustment to a gift aid claim to reflect, for example, a donation that no longer qualifies for gift aid, it is the amount of the tax adjustment, not the amount of the donation, that needs to be included in the adjustment box. For example, if a donation of \u00a320 no longer qualifies, the tax adjustment to be entered in the box is \u00a35.\u00a0<\/p>\n More reading:\u00a0<\/strong><\/p>\n<\/div>\n ICAEW’s Tax Faculty is recognised internationally as a leading authority and source of expertise on taxation. The faculty is the voice of tax for ICAEW, responsible for all submissions to the tax authorities. Join the Faculty for expert guidance and support enabling you to provide the best advice on tax to your clients or business.<\/p>\n
\n HMRC\u2019s Charities newsletter will be published periodically to update charities and their advisers on upcoming changes relating to tax that may affect them.
\n <\/span>\n<\/p>\nRestriction of tax reliefs\u00a0<\/h2>\n
Charity compliance consultation\u00a0<\/h2>\n
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Future of Gift Aid\u00a0<\/h2>\n
Changes in status\u00a0<\/h2>\n
Overpaid gift aid\u00a0<\/h2>\n
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