People in discussion

Gift Aid payments from Charity Subsidiaries

Pesh Framjee, Global Head of Non Profits
People in discussion

The Charity Commission published, on 24th February 2016, updated guidance on Charity Trading. Tucked within this is an important change to their views on Gift Aid payments from trading subsidiaries where there is a shortfall in distributable profits. The Commission’s guidance has been published on the same day that HMRC and the Institute of Chartered Accountants in England & Wales (ICAEW) updated their own material on the matter.

Pesh Framjee has been involved from the outset in all stages of the deliberations, and this guidance explains the issues and solutions.

  • What is the problem?
  • HMRC's view
  • What are the solutions?
  • Avoiding the mismatch between taxable an accounting profits
Download [pdf]

Contact us

Pesh Framjee
Pesh Framjee
Global Head of Social Purpose and Non Profits