There are no changes to the Charity SORP to report in this edition of Charity News, but there has been an announcement of the areas that have been agreed will be considered as part of the next update of the SORP. Drafting of the next version of the SORP won’t start until 2023, but this does give an indication of what charities can expect to see. One of the key issues to be con ...

ATED was originally introduced back in 2013 as part of a range of measures to make indirect ownership of high-value residential property in the UK through corporate vehicles – officially termed ‘non-natural persons’ – less attractive to investors looking to avoid or minimise taxes when disposing of their property and driving up the residential property market. The legislation a ...

The CCEW has updated its guidance on charity accounting that unless a charity’s governing documents specify otherwise, handwritten ‘wet’ signatures are not required when the trustees sign the annual report and accounts. Instead electronic signatures can be used, for example a typed signature or an electronic version of a handwritten signature. This updated guidance also applies ...

The level at which students begin to pay back their loans will be lowered from £27,295 to £25,000 for new borrowers. From September 2023, the interest rate on student loans will also be set to RPI+0%. Additionally, the length of time that students have to pay their loans back until they can be written off has been extended from 30 to 40 years. University tuition fees have bee ...

A new website has been published by Trustee Recruitment Cycle that provides guidance, tools and tips to help charities recruit trustees and improve diversity. Developed by Reach Volunteering, a charity that aims to match organisations with potential volunteers and trustees and in collaboration with the Association of Chairs, Small Charities Coalition and Getting on Board, it ai ...