Many of you will have joined November’s expert insight session led by RSM UK’s Tax Director, Andrie Kazamias on Corporation Tax returns. This session discussed the preparation of charity tax returns and the challenges faced by many charities.  Given going forward there will be an increased focus by HMRC on charities in improving charity compliance, what was apparent from this session is that there is an obvious need for clearer HMRC guidance.  This is especially important given HMRC’s plans to extend the definition of “fit & proper persons” to include a person who persistently fails to comply with tax obligations such as ‘timely filing of returns’ and the consequence of failure which could lead to the loss of a charity’s tax exemptions.  A link to the Andrie’s slides from this session and RSM’S responses to the many questions raised in the Q&A session can be found here:

FAQ’s

PowerPoint