Not-for-Profit came across this article in a recent edition of the Missions Interlink newsletter. Organisations which operate, or have an interest in operating, overseas need to be aware of this subject. The article is reproduced in full below and can be read in the MI newsletter here POTENTIAL DONEE STATUS Read more
IRD advice on Honoraria and taxing payments to volunteers has been updated. Includes reimbursement of volunteers for expenses, mileage and honoraria. < Go to IRD website > < See also: Fringe Benefit Tax and Charities >
If you provide vouchers or short term charge facilities to your employees, from 1 April 2014 the rules on FBT are changing. Charities will no linger be exempt when the total value of the benefit (eg petrol vouchers, pre-loaded credit cards etc) exceeds the lower of 5% of the employee Read more
In August 2011 the Charities Commission (now DIA Charities Services) issued this note: Inland Revenue has published a “Revenue Alert” highlighting their concerns that some people are claiming tax credits for “donations” where there may not have been a true gift of money to a charity. The arrangements that have Read more