Single registration portal for charities delayed
Plans to revolutionise the system for charities wishing to register with the Charity Commission and HMRC have been delayed until 2016. The Commission has been working with HMRC to set up a single portal for charity registration since early last year.
Under the current system, charities must register with the Commission if their income rises above £5,000, unless they are exempt or excepted from registration. Charities must also separately register with HMRC if they want to claim gift aid and other tax reliefs. Alternatively, charities may register with HMRC without being registered with the Charity Commission.
It had been hoped that the new system would be introduced in 2015, but HMRC, which is leading on the project, has now said that it is aiming to deliver the portal in 2016.
To read the full story, click here.