standard page

The Coronavirus Job Retention Scheme (CJRS) is being wound down on 30 September 2021 and data published by HMRC has revealed that 1.9 million workers remain on furlough. The data showed that the number of employees furloughed on the CJRS fell by 590,000 during June. The total number of furloughed workers is 1.9 million. The data also revealed that younger workers have been le ...

HMRC has confirmed that almost 800,000 employees who have been working from home during the pandemic have already claimed tax relief on household related costs. The saving is worth up to £125 per year for each employee, and eligible workers can claim the full year's entitlement if they have been told to work from home by their employer, even if it has been for just one day dur ...

Three major consultations took place over the winter that contained proposals that could significantly impact charitable companies. These included proposals for requiring all companies to file their accounts digitally with Companies House and a shortening of the filing deadline for doing so, the powers of the Registrar to query filed information and implementing the ban on corp ...

16th July 2021 Full details of the fifth SEISS grant, including a new turnover test which determines the level of the grant, are now available. Level of grants The rules for the fifth SEISS grant are generally the same as for the fourth grant, however, a turnover test has been introduced. The fifth grant is calculated as 80% of three months’ average trading profits capped a ...

For the seventh year running Ward Williams will enter a team of 4 into the Weybridge Rowing Regatta which will take place this year on Friday 6th August. The regatta is organised by Weybridge Rowing Club, along the River Thames. The Regatta was created as a community initiative for local businesses to meet, network and compete in a sporting environment. There are 24 teams and ...

Last year CCEW undertook a ‘listening exercise’ seeking views on the adequacy of its guidance for trustees on responsible investment, the alignment of a charity’s investment policy with its mission and purpose. This exercise highlighted a number of technical and practical barriers to responsible investment, such as the apparent need for trustees to prioritise financial return o ...

The government's Coronavirus Job Retention Scheme (CJRS) begins winding down from 1 July. The latest data from the Institute for Fiscal Studies (IFS) shows that at the end of April 3.4 million jobs were still on furlough so the change to the furlough scheme will affect thousands of employers across the country. Since last March, the government has paid 80% of the salaries of ...

The government has confirmed that changes to off-payroll working rules will apply to the private sector from 6 April 2021, including charities and other not-for-profit organisations. Small entities will be exempt from these rules, commonly referred to as IR35. For charitable companies in order to qualify for this exemption two of the following three thresholds must be met; ann ...

The UK government has confirmed that its plastic packaging tax (PPT) will come into force on 1 April 2022. The PPT will be charged at a rate of £200 per metric ton of chargeable plastic packaging components of a single specification. It will apply to plastic packaging components manufactured in or imported into the UK. Plastics covered by the tax include bioplastics, includi ...

It is of little surprise that there will be renewed focus on going concern at present, given the continued impact the COVID-19 pandemic is having on charity finances. In a recent report undertaken by Pro Bono Economics in conjunction with Charity Finance Group and the Chartered Institute of Fundraising, the loss of income was made clear, with one in five charities reporting tha ...