Thursday 19th January 2017
SVE are pleased to announce that Dr Gareth Morgan from the Kubernesis Partnership LLP (Charity Consultants) will be facilitating a Charity Tax Event at the SVE office in Islay House, Livilands, Stirling on the 19h of January 2017.
Please see below the focus of the day along with the programme.
Presenter: Dr Gareth Morgan (author of The Charity Treasurer’s Handbook: An Introduction to Voluntary Sector Finance and Accounting)
If a charity provides services under contract or charges for an event or for goods, it is involved in trading.
This seminar will distinguish between (a) trading activities within a charity; (b) a separate trading company owned by a charity and (c) non-charitable social enterprises such as CICs.
We consider the latest accounting and tax issues for charity trading, especially when charities need to register for VAT and charity-specific VAT rates.
The seminar also covers special VAT issues such as partial exemption and income outside the scope of VAT — as well as the detailed rules on when corporation tax applies to charities.
10.45 Welcome and Introductions
10.55 Principles of Charity Trading
The definition of trading. When can charities trade. Contract income, sales, events on other types of trading income. Primary purpose vs trading for fundraising purposes.
12.00 Charity Tax Fundamentals: Corporation Tax
Specific tax issues as applied to charities. Role of Charity Commission/OSCR vs HMRC. Principles of corporation tax. Charity limits and concessions. Use of trading subsidiaries and legal structures. Financing of subsidiaries and transfer of profits.
13.45 Charities and VAT Principles
Supplies to Charites. Supplies by charities. Determining when a charity needs to register for VAT, partial exemption principles and examples.
15.30 Case Study
A practical example of a charity with numerous trading problems and a chance to make recommendations.
Discussion of issues raised during the day and questions.
For more information about Kubernesis go to http://www.kubernesis.co.uk/
SVE are pleased to offer this course to our members for a greatly subsidised cost of £99. Non-members £125. Membership of SVE is free to Third Sector organisations.
Please contact firstname.lastname@example.org for more information. There are limited places on this course, please book early to avoid disappointment!