Charity Technical
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Under tax legislation there is a definition, for tax purposes, of charities and other organisations entitled to UK charity tax reliefs. This definition was introduced by the Finance Act 2010 and requires that an organisation must satisfy the "management
condition" in order to be a charity. In order to satisfy this condition, the charity's managers must be fit and proper persons.
condition" in order to be a charity. In order to satisfy this condition, the charity's managers must be fit and proper persons.
The charities’ sector is one which is now “benefiting” from an increasing exposure to regulation. This is creating an environment where those involved with charities, which will include many Chamber members, need to be aware of their responsibilities and some of the associated pitfalls.
A number of charities have trading subsidiaries which make gift aid payments to their charity parent companies.
The Charities References in Documents (Scotland) Regulations 2007 require that certain information be stated in specified documents including business letters, emails, advertisements, invoices, accounts, educational or campaign documentation, and any document which solicits money for the charity.
As trustees become more aware of their responsibilities they are frequently asking for more information to help them fulfil these responsibilities.