It is difficult to believe that HM Revenue & Customs likes charities very much. Looking at the sector through the eyes of the taxman, charities are walking liabilities, profiting from generous tax breaks, but poorly-regulated and badly in need of a firm hand. The taxman has glimpsed in the current laws potential for charities to… Read more »
Posts Tagged: HMRC
Charities could face tax bills that cancel out their relief
How much tax does the charity sector pay? It’s not meant to pay any, in theory. But in practice it pays a lot, it turns out, according to a very informal survey I carried out last week. Having spoken to a few charities’ finance directors, it appears many operational charities pay around a tenth of… Read more »