A key trend that will continue over this 10-year period is providing care in the right places – so rather than people seeking help through hospital admissions the focus is on effective support at home and in care homes.
Regulation
Are grants taxable? Am I trading?
The question “Are grants taxable?” has several answers, as it depends whether you are classed as trading or not by HMRC for corporation tax purposes, and also whether the grant is really a grant.
Are Directors employed or self-employed?
There are specific rules that mean if you are a Director of your organisation you are treated as an office holder by HMRC, and this means any payments you receive for your role as a Director must be as salary and subject to PAYE.
Can social enterprises be sole traders?
Yes, social enterprises can be sole traders. Social enterprise is a way of doing business and does not refer to a specific legal structure. For further details on what a social enterprise is please refer to the article titled “What are social enterprises?”
Finance News
- Charity Tax Commission recommends universal Gift Aid declaration database
- Refuge secures domestic violence helpline grant ahead of former partner Women's Aid
- Charities receive share of £3.4m from digital fund
- Change law so charities don't have to set up separate trading subsidiaries, says report
- British Red Cross income at lowest level since 2013
- Fund offers £3.2m to groups with ideas for community businesses