28/12/2022
It has been confirmed by HMRC that the naming of a building after a donor who had given a substantial amount to the charity does not count as a donor benefit that would restrict a charity’s ability to claim Gift Aid on the donation. For this treatment to apply the naming must not act as an advertisement or sponsorship for a business. HMRC’s guidance on Gift Aid has been updated to reflect this confirmation.
Guidance: https://bit.ly/3RrhbZ8
Associate Director Matt Cooper attended the Total Business Networking Brunch last Thursday at Forest Lodge Hotel.
Guest speaker Sam Dyer from I-Boardroom, delivered an insightful talk called 'Take a breath'.
Thank you to Total Business Networking for organising the event.
Charity E-Newsletter - https://mailchi.mp/362d8d9346a3/charity-e-newsletter-5081865
Brewin Dolphin hosted an excellent breakfast seminar today, part 2 of the family wealth series, attended by Gemma Hedges and Matt Cooper.
Thank you to the brilliant speakers, Alice and Kirsty for the practical tips we can suggest to our clients. We look forward to the next one!
Click the link below to read our Autumn Budget Summary for 2024
https://bit.ly/4fw7MvP
Stamp Duty Land Tax
The 3% surcharge applying to second properties has been extended and is now 5%, for all purchases from 31st October 2024.
#AutumnBudget #stampduty
Inherited pensions will be brought into inheritance tax from April'27.
From April'26, for combined business and agricultural assets over £1m, IHT will apply with 50% relief, at an effective rate of 20%.
From 1 Jan 2025, VAT at 20% will apply to all education, training and boarding services provided by private schools.
This money will help the government to invest more in state education, improving standards and opportunities for all.
#AutumnBudget
Working people are the lifeblood of our economy.
That is why the government will not increase the basic, higher or additional rates of Income Tax, National Insurance, or VAT.
This is a budget to protect working people.
NI, VAT and income tax for working people will not increase.
National Insurance contributions by employers will rise from 13.8% to 15%.
The threshold at which businesses start paying National Insurance on a workers' earnings will be lowered from £9,100 to £5,000.
#Autumnbudget
Why not arrange a FREE consultation and find out what we can do for your business.
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