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UK reporting - an update

UK GAAP

On 30 January the ASB launched the latest stage in its long-running consultation on the future of UK GAAP. These radical proposals entail the replacement of the current UK GAAP, which underpins charity reporting, with a new regime....

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VAT online

From 1 April 2012, all VAT registered traders will have to file their VAT returns online.

 

HMRC has published a guide for small businesses which have yet to begin online filing for VAT, Support available to help you move f...

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Charity IT survey 2012 reveals “a profound change in the way charities manage IT.”

In Charity Finance magazine’s surveys of recent years, they reported two major technological trends which were threatening to change the way charities operate: Cloud Computing and advances in mobile technology. The 2012 Charity IT Survey suggests th...

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Charity Business leaves charity clients without services

As you might be aware, Charity Business (CB) the outsourcing company that went into administration last week has left around 200 charity clients without services ranging from payroll to a full finance directorate. Charity Business has handed over fi...

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Report identifies 'fit and forget' approach to fuel poverty

Sheffield Hallam University has recently issued a report on the role that micro-generation technologies can play in alleviating fuel poverty in the UK.

 

Three different types of micro-generation technology (solar photovoltaic (PV) sy...

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Charities Act 2011

The Charities Bill received Royal Assent on 14 December becoming Charities Act 2011. This Act consolidates existing legislation from the Recreational Charities Act 1958, the Charities Act 1993 and much of the Charities Act 2006. The Act does not inc...
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Charities Act Review 2006 - have you say

ICAEW has expressed a formal interest to the Cabinet Office in participating in the review of the Charities Act 2006 which is being led by Lord Hodgson. Based on the terms of reference for the review, ICAEW has identified 9 major areas on ...
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Paper on fraud in local authorities

The Fraud Advisory Panel has issued an occasional paper on Fraud in local authorities: past, present and future. The paper summarises the:

  • nature and extent of detected fraud in local authorities, including who is affected; ...
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Legislative change for credit unions

From 8 January 2012, charities, social enterprises and community groups will begin to benefit from new credit union powers to reach many more members, organisations and communities.

 

Changes to the Credit Unions Act 1979 passed throu...

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European parliament passes limited 'micros' exemption

Readers may be interested to read the blog I posted on Talk Accountancy in December: European parliament passes limited 'micros' exemption.

A limited exemption from the accounting directive for 'micro entities' has now been agreed by the Europ...