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Charity Commission updates guidance on charities' trading
Howard Lake | 26 May 2007 | News
The Charity Commission has updated its ./guidance to help trustees ensure that their charity trades effectively and within the law.
The new ./guidance, “Trustees, trade and tax – how charities may lawfully trade”, has been developed in response to the Better Regulation Commission’s call for clear ./guidance on the subject. It includes input from HMRC and representatives from key charities, and reflects the latest tax and VAT position.
As well as providing clear answers to the questions most commonly asked by charities, the document sets out a more flexible policy for funding and investing in trading companies.
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The Commission’s Chief Executive, Andrew Hind, said: “Trading can present real risks for charities, but it also offers significant rewards. We’ve produced this ./guidance to try and make it as easy as possible for charities looking to trade, or to set up a separate trading subsidiary, to avoid the pitfalls and reap those rewards.
“Talking to charities that are already trading successfully has helped us make sure the ./guidance gives a practical approach to the real-life issues that charities might face and to help make sure that charities get the structure of their trading operations right.”
“Trustees, trade and tax – how charities may lawfully trade” is available on the Commission’s website.
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.