Dreaming of a charitable budget

Article Abstract:

UK charities would benefit from a lessening of the burden of value-added tax (VAT) which leads to lost income. There is a danger that the VAT burden could increase if European VAT levels are harmonized. Amendments to income and corporation tax law would help charities trade more efficiently. There could also be changes to make charitable donations more tax-effective as is the case in the US. Charities gained nothing and suffered losses from the Nov 1995 budget and it is to be hoped that they gain something from the Nov 1996 budget.

Budget, Budgeting, Budgets

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No fat cats in the voluntary sector

Article Abstract:

There are more than 125,000 registered charities that are active in Wales and England, and 444 of the larger charities have been surveyed to assess salary levels in the sector. Charity Recruitment and the National Council for Voluntary Organizations carried out the survey and found the median salary in larger charities to be 50,000 pounds sterling for chief executives, who averaged 23,000 pounds in the smaller charities. Salaries are similar to those in the public sector but some 29% les than salaries in the commercial world.

Compensation and benefits

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The new regime begins

Article Abstract:

UK charities will have to comply with the Charities Act from Mar 1996. This act affects audit procedures and independent examination. The services provided by charities need to be assessed, though dividends and profits are not a concern with charities as they are with profit-making enterprises. A common approach is needed for all UK charities, whatever their constitutional form. Some charities are companies and are treated differently from those which are not.

Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Laws, regulations and rules

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