News Archive
August 2016

The Common Reporting Standard (CRS) – is your foundation affected?

HMRC have recently published new guidance on how UK charities may be affected by Automatic Exchange of Information agreements between the UK and other countries aimed at combatting offshore tax-evasion. Grant-making charitable trusts that rely on investments to fund their activity should pay particular attention, as trustees could well have due diligence and reporting obligations under the regime which has been live since 1 January 2016.

25 August 2016 Read the full article

New Litigation Guidance

The Charity Commission has published new litigation guidance for trustees. The guidance, CC38, provides a 16-point checklist designed to enable trustees to consider whether or not to take legal action. The Commission argues that the guidance will help trustees to ensure that their decision-making is justified and sits in-line with proportionate risk management. However, concern has been voiced from across the sector about lack of consultation and the tone of the guidance.

22 August 2016 Read the full article

HOL call for evidence

ACF will be responding to the House of Lords Select Committee on Charities’ call for evidence, which will form part of the Committee’s inquiry into the current state of the charity sector. The inquiry, focusing on England and Wales but also considering evidence from other nations, aims to assess the pressures and challenges facing charities today by gathering examples of best practice and new ideas to facilitate unity in the sector. Those wishing to submit evidence themselves must do so in writing by 5 September 2016. Further information can be found here:

22 August 2016 Read the full article

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