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HMRC gives £1.8 million a year to charities to help excluded taxpayers

WRLO Accountants — Fri, 11 Aug 2023 17:50:50 +0000

The voluntary and community sector will be able to apply for grants from HMRC to support their work with taxpayers who need extra assistance with their tax affairs. Eligible organisations need to bid for the funding, worth £1.8 million a year from 2024 until 2027, up from the current annual grant of £1.66 million, through HMRC’s voluntary and community sector grant funding programme. Bids can be submitted between 24 July and 21 August 2023, with successful organisations being announced in October, ready for the new funding to start from 1 April 2024. This is the 12th round of funding HMRC is awarding as ‘part of its commitment to help everyone get their tax right’. The programme has been ongoing for over a decade and previous beneficiaries included Citizens Advice Bureaus, TaxAid, Tax Help for Older People and Gingerbread. To be eligible for grant funding from HMRC, an organisation must be a registered charity, voluntary and community sector organisation, social enterprise, mutual or a co-operative. RNIB’s Sight Loss Advice Service is one of 12 organisations previously awarded under the grant programme. Director David Newbold said: ‘RNIB is extremely grateful to HMRC for its generous support, ensuring blind and partially sighted people […]

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August 2021

WRLO Accountants — Wed, 04 Aug 2021 14:30:23 +0000

In this month’s Enews we consider the announcement of a consultation on self-employed basis periods, draft Finance Bill clauses and guidance on claiming the fifth self-employed Income Support Scheme (SEISS) grant. With HMRC updated guidance on salary sacrifice, ICAEW urging VAT reforms specifically for property, the latest statistics on furlough, pension scams and public trust in charities, there is a lot to update you on. Consultation launched on self-employed basis period reform The government has published draft Finance Bill clauses Claiming the fifth self-employed Income Support Scheme (SEISS) grant ICAEW urges HMRC to scrap exemptions to simplify VAT rules HMRC updates Salary Sacrifice guidance Data reveals 1.9 million workers remain on furlough Pension scams average losses now over £50,000 Increase in public trust in charities Consultation launched on self-employed basis period reform HMRC has recently launched a consultation on how basis periods can be reformed for income tax for the self-employed. The consultation seeks to gather views on how best to implement a proposal to simplify the rules under which profits of an unincorporated trading business are allocated to tax years using basis periods. The consultation also includes suggestions regarding transitional rules for moving to the new system. HMRC aims […]

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November 2019 news

WRLO Accountants — Mon, 04 Nov 2019 14:27:29 +0000

In this month’s Enews we report on an IR35 appeal, HMRC’s clampdown on enablers of tax avoidance schemes and an update on probate fees. With a Charity Commission report on fraud protection, the latest guidance for employers and a reminder to complete your self assessment tax return there is a lot to consider. Budget will not now take place on 6 November Christa Ackroyd loses IR35 appeal Clamp down on enablers of tax avoidance schemes Increase in probate fees abandoned Charities fraud protection failures Guidance for employers HMRC countdown: file your tax return Genuine HMRC contact and recognising phishing emails and texts Budget will not now take place on 6 November On 25 October 2019 the Chancellor of the Exchequer Sajid Javid wrote to the Treasury Select Committee to confirm that the Budget will not now take place on 6 November 2019 as originally planned. You can read that letter here. We will keep you informed of developments. Internet link: GOV.UK Budget Christa Ackroyd loses IR35 appeal Former BBC presenter Christa Ackroyd has lost her appeal against a ruling that she was an employee, not a freelance contractor, when she worked for the BBC via a personal service company. The […]

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