New R&D legislation was published on 20 July 2022. Changes being introduced from 1 April 2023 will affect: companies claiming Research and Development Expenditure Credit (RDEC). small or medium enterprises (SME) R&D relief. companies that have made a Patent Box election. Whilst there are currently no major structural changes, the following are now confirmed: ...

All employers are required to pay their staff either the National Living Wage (for those aged 23 and over) or National Minimum Wage (for those of at least school leaving age). The Living Wage Foundation is a charity that campaigns for improved rates of pay for those on low wages, with accredited employers, including many charities, committed to paying their staff at pay rates o ...

The director of a Manchester pizza takeaway who fraudulently claimed a £20,000 bounce back loan has been jailed for two years. Abdulrazag Zagroba, 54, from Manchester, appeared at Manchester Crown Court on Friday 24 June 2022 where he was sentenced to 24 months before Recorder Hudson. This was the first successful criminal prosecution of a bounce bank loan fraudster for the I ...

Details have been published of how the Retail, Hospitality and Leisure Business Rates Relief Scheme will work. The scheme only applies to England, and it will only apply for the 2022/23 financial year. The scheme will provide a 50% reduction in business rates for eligible properties up to a limit of £110,000 per corporate group. Eligible occupied properties are those which are ...

For the eighth year running Ward Williams will enter a team of 4 into the Weybridge Rowing Regatta which will take place this year on Friday 5th 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 ...

New climate-related disclosure requirements come into force for accounting periods beginning on or after 6 April 2022. Only a handful of charities though will be caught by these requirements, those which are limited companies and have more than 500 employees and have incoming resources of more than £500 million. These requirements, which are based on recommendations made by the ...

Preparers of charity accounts need to be aware of how the Ukraine crisis could affect their reporting. The ICAEW has published guidance on the key issues that should be considered, which although not written with charities specifically in mind may be of use for those currently preparing accounts for charities that have been affected by the conflict. Areas to focus on include t ...

The Fundraising Regulator, which oversees charitable fundraising in England, Wales and Northern Ireland, has developed a self-reporting tool so that charities can inform the regulator of any known or potential breach of the Code of Fundraising Practice where in poses an actual or potential risk to the public, the charity sector or public confidence in fundraising. There is no f ...

Those charities which take the form of limited companies may be interested to know that the government has now published a white paper setting out their position on reforming Companies House ahead of introducing legislation into Parliament, following a consultation process that took place over the winter of 2019/20. The key changes that are being proposed include: Expansion ...

In our last edition we reported on the reforms set out in the Charities Bill 2021. This legislation has now completed its parliamentary journey, becoming the Charities Act 2022. To recap, this new legislation (which only applies to England and Wales) implements a number of recommendations from the Law Commission’s 2017 Technical Issues in Charity Law Report which seek to make ...