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Common Reporting Standard - Update for Charities
Thu 30 March 2017, 08:00 – 09:00 BST
The Common Reporting Standard (CRS) is a new HMRC reporting initiative aimed at increasing tax transparency and may affect your charity if you have investments, and particularly if you are a grant-giving organisation.
Each year, charities judged to be ‘financial institutions’ will have to identify, perform due diligence and report on certain people who have an interest in your charity or to whom grants are awarded.
Any form of charity can be caught but the reporting requirements will differ according to whether the charity is corporate or unincorporated. If applicable, the first reports must be made by 31 May 2017.
To help you prepare for this change, we have produced a free factsheet (https://www.chiene.co.uk/common-reporting-standard/) and will host a breakfast seminar on 30th March.
Euan Morrison, Chiene + Tait’s Head of Charities will discuss the CRS and our technical experts will be on-hand for a Q&A session immediately afterwards. The event will close by 9am.
If you’d like to attend our Common Reporting Standard Seminar, please email email@example.com to book your space.