VAT tribunal judgment on investment management fees worth tens of millions to the sector

VAT tribunal judgment on investment management fees worth tens of millions to the sector

30 Jun 2015 | David Ainsworth

Charities should be able to reclaim VAT on investment management fees, a tribunal has ruled, in a move which is likely to mean tens of millions of pounds of additional cash for the sector.


VAT tribunal judgment on investment management fees worth tens of millions to the sector

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Regulators to consult on scrapping separate Sorp for smaller charities

Britain’s charity regulators will consult later this month on scrapping a separate Statement of Recommended Practice for small charities, the head of accountancy services at the Charity Commission has said.

New foundation offers free accounting software and £5m annual grants

Accountancy software company Sage has launched a foundation offering two free products to any charity, as well as grants worth around £5m a year, and five volunteering days from each of its 14,000 employees.

Joe Saxton

A poll by nfpSynergy has shown that just one in 17 people asked think charities should save more than a year’s expenditure in reserves, while a third of people favour reserves of less than six months’ spending.

Royal Albert Hall

The Royal Albert Hall has announced a record £7.9m investment in charitable activity in 2014 – an 80 per cent rise from the previous year.

He was just so nice - an over used word, but I can only ever see Daniel with a smile on his face. Genuine, wickedly funny, intelligent, oozing with foresight and interest.

» Daniel Phelan dies, aged 58

Hamish Horton

The Valldata Group, which provides payment solutions to the charity sector, made an operating loss of more than £572,000 for the year ending March 2014 and has since lost several senior executives.

Prostate Cancer UK highest new entry in this year's Charity 250 Index

Prostrate Cancer UK entered at 94 of this year's Charity 250 Index, which was topped by mental health charity Rethink.

Sports Relief 2014

Comic Relief's total income fell in the year to July 2014, compared to 2012, the last year its Sport Relief appeal was held, largely as a result of a decision to sell more than half its investment portfolio pending a review.

Two-thirds of charities concerned about post-election funding cuts, says survey

Two-thirds of charities, surveyed by accountancy firm Baker Tilly, have said that they fear reductions in government funding in the 12 months following the election.

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