Sayer Vincent updates Made simple guides on key gift aid, tax and VAT issues

Sayer Vincent, the award-winning firm of charity auditors and advisers, has recently updated four of its Made Simple guides – Employee & volunteer taxation; Gift Aid; International aspects of VAT and Tax for charity fundraisers to reflect changes to rules and regulations.

Key updates include:

  • The new VAT rules that apply to cross border transactions with effect from 1 January 2021. The UK is no longer part of the EU’s VAT regime, except in respect of Northern Ireland. The International aspects of VAT guide offers guidance on the rules.
  • The new IR35 rules that came into effect from 6 April 2021. The Employee & volunteer guide covers what charities need to be aware of and the special rules for certain types of worker. This guide includes a section on the key employment and volunteer-related measures taken by the UK government in response to the COVID-19 pandemic too.
  • Up-to-date guidance from HMRC in relation to Gift aid and Tax and for charity fundraisers, including HMRC’s latest model wording for the tax to cover statement which they change from time to time, which changed in November 2020.

These free guides are designed for finance professionals, managers and Trustees in charities and provide practical guidance on different finance topics. There are 21 guides in total covering technical areas such as tax and VAT treatments as well as information management areas.

Jonathan Orchard, Partner at Sayer Vincent said, “We’re committed to sharing knowledge and learning and our easy to follow guides on all aspects of charity finance and management topics help charity trustees and staff find their way through the maze of legal and regulatory rule. We recommend charities download these latest versions to ensure they have the most up-to-date information.”

Sayer Vincent also offers a number of other useful resources on their web site including monthly newsletters covering topical issues, publications written by senior staff at Sayer Vincent and articles that has been printed in the media.

To download the 21 guides and see these other resources please visit www.sayervincent.co.uk

 

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Lisa Baker is the Editor of Always Finance, and writes about Business, Finance Technology and Healthcare. Lisa is also the owner of Need to See IT Publishing.