Cash couriers are those persons who physically transport cash from one jurisdiction to another. In conjunction with the Counter Terrorism unit of the Metropolitan Police, CCEW has published a warning to charities operating internationally against the use of cash couriers as a means of transferring charity funds due to the significant risks involved. Those risks include: As c ...

CCEW has held a consultation on the content of the annual return, proposing a number of changes to aid their regulation of the sector. The consultation has now concluded and the responses are still being analysed, but it seems clear that charities will have to answer a significant number of additional questions as part of their annual reporting to the Commission. For the first ...

The Government has announced that making tax digital for income tax (MTD ITSA) for the self-employed and landlords will be delayed until April 2026. The new timetable provides that a person will be required to use MTD for IT if they are self-employed or a landlord: from April 2026, if their annual business or property income is more than £50,000; and from April 2027, if th ...

In our last edition we reported on the reforms set out in the Charities Act 2022. More information is now known on when these reforms will take effect, with the following changes expected to come into force this autumn: Paying trustees for providing goods to the charity At present charities can only pay their trustees for goods provided as part of a related service. Followin ...

Workers have saved more than £114 billion into their pension pots since pensions automatic enrolment was implemented ten years ago, according to data published by the Department for Work and Pensions (DWP). The data showed that more than 10.7 million employees were paying into a workplace pension in 2021. The proportion of young people saving into a pension has more than doubl ...

The Department for Work and Pensions has published its annual rate increases for 2023/2024. These changes will take effect in April 2023.  The rate for statutory maternity, paternity, adoption, shared parental, and parental bereavement pay will increase to £172.48 per week (previously £156.66). The rate for statutory sick pay will increase to £109.40 per week (previously £99 ...

In recent months both CCEW and the Fundraising Regulator have sought to promote the opportunities available to charities from the use of cryptocurrency and non-fungible tokens (NFTs) whilst at the same time highlighting some of the risks involved. Cryptocurrency is a form of unregulated digital currency which uses technology to record the transaction history and for making paym ...

To address some of the concern over increasing energy prices the Government has announced an Energy Bill Relief Scheme. This will apply to all non-domestic customers, including businesses, the voluntary sector and public sector organisations, and will provide a discount on wholesale gas and electricity prices that is equivalent to the Energy Price Guarantee that has been put in ...

Almost six in ten UK adults are struggling to keep up with their bills, according to new research from the Financial Conduct Authority (FCA). The research estimates that 7.8 million people were struggling to keep up with their bills - an increase of around 2.5 million people since 2020. In addition, 60% of UK adults are estimated to be finding it a 'heavy burden' or 'somewhat ...

The level of trust placed in the charity sector remains high, despite there being an overall decline in the level of trust being placed generally in public bodies, according to a report recently published by CCEW. The charity sector is placed second in the list of the most trusted parts of society, with only doctors being ranked higher. The report does show though that support ...