ARTICLE · 16 SEPTEMBER 2011

Weekly Tax Update - Monday 12 September 2011

Smith & Williamson

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The Chancellor has announced that his Autumn Statement will be on Tuesday 29 November 2011. This will follow the Office for Budget Responsibility's (OBR) latest economic forecasts, which will be leased earlier that day.

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Richard Mannion

1. General news

1.1. Autumn Statement

The Chancellor has announced that his Autumn Statement will be on Tuesday 29 November 2011. This will follow the Office for Budget Responsibility's (OBR) latest economic forecasts, which will be released earlier that day. The Autumn statement has replaced the pre-Budget report, introduced by the previous Government.

1.2. Changes to HMRC Charities registrations

Following the changes introduced in Schedule 6 to Finance Act 2010 HMRC announced in June 2010 it had updated its guidance on tax exemption for charities. Schedule 6 introduced a statutory definition of a charity for tax purposes. Following the changes HMRC Charities division will no longer comment or provide provisional clearance on draft charity documents, such as rules, memoranda or articles of association. Charities that must register with a charity regulator must do this before applying to HMRC for recognition as a charity for tax purposes.

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