Welcome to the Summer 2021 edition of our briefing for arts and culture organisations.

HMRC has published a call for evidence on options to simplify the VAT exemption for land and property. This follows a review by the Office of Tax Simplification (OTS) which included recommendations for the simplification of the VAT treatment of land and property. Any businesses interested in responding to HMRC’s suggestions, or making their own, have until 3 August 2021 to respond. haysmacintyre is in the process of drafting a response and include below our initial thoughts.

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The world’s eighth-largest professional services association, comprising over 250 legal and accounting firms, will be based in the offices of top-30 accountant at 10 Queen Street Place, London

Most of the income and gains received by charities are exempt from Corporation Tax, provided that the money is used for charitable purposes. However, there has been a recent trend in charities seeking to diversify their income streams by providing their services for a fee or trading outside of their original objects. If charities undertake […]

Simplification In July 2019, the Government launched a call for evidence on the simplification of the VAT partial exemption and Capital Goods Scheme regimes. Many Financial Services businesses were hoping that this would result in simplification of a very complex area of compliance – unfortunately, the outcome announced on the inaugural ’Tax Day’ on 23 […]

Shops provide a key income stream for many charities. The success of shops is often dependent on volunteers, which can present challenges when implementing financial controls. Our factsheet covers several areas trustees and management should consider.

Vikram Sandhu appointed as Director RI to leading charity advisor team