Government backs down on academy charity registration On 2 February, the government decided to withdraw from The Children, Schools and Families Bill, the proposal that will deem academies exempt charities. For further details click here. |
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Academies budget briefing Charities in general were anticipating a difficult time from the Budget, academies were also wondering what the main effects of an austerity Budget might be. Spending cuts were widely, and correctly, predicted. One area that will cause distress to charities and academies alike is the increase in VAT from 17.5% to 20%. The sector already suffers greatly from the general inability to reclaim VAT and it is a long running issue for all affected. This increase will only worsen the position and heighten the sector’s view that VAT is a grossly unfair tax on those providing charitable services. One crumb of comfort could be the rise in Capital Gains Tax which might persuade wealthy individuals to seek to avoid paying the higher rate by gifting more assets to charities. To read the full briefing please click here. Academies
Horwath Clark Whitehill has been a leading adviser to charities and schools for many years and is skilled at delivering quality, business focused advice. We have drawn on this combined expertise to help Academies understand and interpret the various requirements they now face throughout the feasibility, implementation and the opening phases of Academies, ensuring that legal obligations are met and that their reporting is leading best practice. We deliver a partner-led service to ensure that we meet our clients’ needs and exceed their expectations. Our partners are supported by highly skilled managers, who are also specialists in their field. This structure ensures that the highest quality and continuity of advice is always provided to our clients. We act for a number of Academies, including multi-academy groups, providing the added value business advice the sector needs. We have a dedicated team of experts providing a wide range of services to Academies as outlined on our not for profit overview page. For further information, please contact Tina Allison on telephone 020 7842 7100, email tina.allison@horwath.co.uk or Helen Drew on telephone 01562 60101, email helen.drew@horwath.co.uk For details of our specialist team, click here. Manchester Thames Valley |
