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ARTICLE · 17 JUNE 2011

Charities - A Briefing For Charitable Organisations – Summer 2011

We live in an ever changing world and that is as true for charities as for any other organisation.

United KingdomAccounting and Audit

Editor's comment

Is the way forward clear?

We live in an ever changing world and that is as true for charities as for any other organisation. Without change, there is the threat of stagnation, but too much change gives rise to instability and makes it difficult for us to plan ahead.

Sometimes apparent changes are not what they seem. The Chancellor's announcement of 'big help' for charities is to be welcomed, particularly by those charities suffering from reductions in Government income, be it a sudden cessation or a more gradual erosion. However, looking behind the rhetoric, the changes happening now are quite minor and the proposed consultations which might give rise to more significant changes in the future do not help now. Similarly, the changes to the VAT regime will have limited impacts on most charities. VAT on shared services is a significant barrier which prevents charities working together – unfortunately the only response has been a number of promises

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