Questions to ask... about charities and Corporation Tax
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 trading activities, they need to ensure they stay within the tax exemptions or otherwise Corporation Tax may arise. Our downloadable factsheet below contains ten questions charities should consider.
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Should you have any further questions, please email Vikram Sandhu, Director.Download this publication