The Pensions Regulator (TPR)
July 18, 2017
Automatic enrolment updates
Workplace pension contributions are increasing.
The minimum amount that employers and their staff need to pay into their pension scheme is going up. On 6 April 2018, the minimum amount employers will have to pay in will be 2% of their staff’s pay, and the amount their staf...
Current list of deliberate tax defaulters updateded
July 14, 2017
The HMRC list of current (name and shame) deliberate tax defaulters had been updated. The list provides the name of the defaulter, the industry, amount of tax avoided, and penalties charged.
As with previous lists, it includes a number of restaurants, take-aways, cafes, hote...
Tax credits
July 10, 2017
Don't miss 31 July deadline
If you’re claiming tax credits, We are reminding everyone to renew by the 31 July deadline. If you miss the cut-off date, your tax credit payments will stop and you may have to pay back the tax credits you’ve been given since 6 April 2017....
Tax-Free Childcare
July 3, 2017
Did you know, on 21 April the government launched two new childcare schemes for working parents?
Tax-Free Childcare is for eligible UK working families, including the self-employed, with children under twelve or under seventeen, if disabled. For every £8 they pay in, the go...
Charity governance, finance and resilience:
June 30, 2017
15 questions trustees should ask
In 'The essential trustee: what you need to know, what you need to do (CC3)' the Charity Commission sets out the 6 key duties for charity trustees and what these cover - the top three being:
act in the interests of their charity and its beneficiaries
protect and safeguard...
Fit and Proper Persons - Charity trustees
June 28, 2017
HMRC has updated its 'fit and proper persons' declaration for charities. Charities must satisfy the 'management condition', so its managers must be 'fit and proper persons'. The guidance explains how HMRC applies the test to people who have the general control and management...
Telling your story well: Trustees reports
June 25, 2017
Public benefit reporting by charities
A recent study by the Charity Commission for England & Wales showed that although 90% of the annual reports discussed what the charity was setup to do and its activities during the year, many did not go on to consider what difference they had made to their beneficiaries ...
Charity fundraising: a guide to trustee duties (CC20) sets out the law and good practice principles for trustees to follow when dealing with fundraising. It highlights the importance of following the recognised standards for fundraising, which are set by the Fundraising Regu...
Preparing for Data Protection Reform:
June 23, 2017
12 Steps to take now
The current Data Protection Act is due to be replaced by general data protection regulation (GDPR) on the 25th May 2018. GDPR is the biggest overhaul of data protection legislation for over 25 years and will introduce new requirements for how organisations process personal d...
Choosing an accountant or tax adviser
June 22, 2017
Tips on how to choose the right accountant/tax adviser for you or your business
It is important to choose your accountant/tax adviser carefully. Here are a few tips to help you.
If you have not used an adviser before you should be aware that anyone can call themselves an accountant/tax adviser whether or not they are professionally qualified.
There a...
