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With the start of the new tax year rapidly approaching, here is a reminder of a few key tax changes impacting charities<\/a> that come into effect in April 2019:<\/p>\n Charities can still be exempt from paying tax on trading income that does not relate to their primary purposes as long as such turnover does not exceed the small trading tax exemption.<\/p>\n From 1 April 2019, the limits are as follows:<\/p>\nCharities\u2019 Small Trading Exemption<\/h2>\n
Annual charity income<\/strong><\/td>\n| Maximum level of non-primary purpose trading<\/strong><\/td>\n<\/tr>\n | Under \u00a332,000<\/p>\n | (was \u00a320,000)<\/em><\/td>\n (was \u00a35,000)<\/em><\/td>\n<\/tr>\n (was \u00a320,001 – \u00a3200,000)<\/em><\/td>\n (no change)<\/em><\/td>\n<\/tr>\n (was \u00a3200,000)<\/em><\/td>\n (was \u00a350,000)<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n The increases in these limits will allow charities to carry out more non-primary purpose trading activity before a trading subsidiary is required.<\/p>\n Up to 5% of donation in excess of \u00a3100<\/p>\n (subject to maximum benefit value of \u00a32,500)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n For any advice on how these changes impact your charity, please get in touch<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" With the start of the new tax year rapidly approaching, here is a reminder of a few key tax changes impacting charities that come into effect in April 2019: Charities\u2019 Small Trading Exemption Charities can still be exempt from paying tax on trading income that does not relate to their primary purposes as long as[…] <\/p>\n |