If I set up a charity, when and who do I have to register it with and are there any benefits in doing so?

This depends on what type of charity you are and what the level of your gross annual income is.

All Charitable Incorporated Organisations have to be registered regardless of the level of their annual income.

Every unincorporated charity with a gross annual income of £5000 or more is required by law to register with the Charity Commission.  Once a Charity reaches the threshold it will be required to register in the next financial year.  If its income falls below the threshold in subsequent years it will still remain on the register.

A charity below the threshold may enjoy some of the benefits of being a registered charity without the need to be registered.  It can apply to HMRC for tax relief and although unregistered, it is still legally a charity and must comply with charity laws.

Being a registered charity makes it easier for your charity to raise funds from the public, grant-making trusts and local government; represent and help the needs of the community and gives donors and beneficiaries confidence that your charity is legitimate and working within a regulatory regime.

All charities benefit from a number of financial advantages, including exemptions from income or corporation tax on some types of income; capital gains tax stamp duty and inheritance tax on gifts made in wills.

It is important to obtain good advice and to understand the regulatory requirements of being a registered charity.  A lot of helpful information is available from the Charity Commission at www. charitycommission.gov.uk


This article is for general guidance only. It provides an outline, and may not include points which are important to your situation. You should not depend on this blog without taking advice based on the full facts of your case. The information given was correct at the time of publication.

DID YOU FIND THIS USEFUL?

Share it with your network:  

Want more great content?
Sign up to our newsletter

Follow us

Tweets by @CHW-accounting

CHW-Accounting
@chw-accounting


Twitter: chw_accounting

WHAT'S THE NEWS?

Grab a biscuit and a brew and read our latest news.

16 September 2019

What is overtrading?

by

Overtrading is a problem which can affect any business but is most common in recent start-ups and rapidly expanding businesses. 


Read more >

9 September 2019

If I set up a charity, when and who...

by

All charities benefit from a number of financial advantages, including exemptions from income or corporation tax on some types of income; capital gains tax stamp duty and inheritance tax on gifts made in wills.


Read more >

2 September 2019

My business has a taxable turnover of less than...

by

It may be possible for your business to use the flat rate scheme for VAT and to calculate your VAT as a percentage of your total VAT-inclusive turnover. The actual percentage you use depends on your type of business.


Read more >

26 August 2019

Do you know the different benefits between leasing a...

by

One questions we often get asked is – What are the different benefits between my business leasing a car or getting it through hire purchase?


Read more >

19 August 2019

How to get tax relief on bad debt

by

If your business is suffering in the form of bad debts, getting tax relief at the earliest possible stage can help to reduce the pain.  Ian…


Read more >

YOUR CHALLENGES

No matter what your challenge is, we’ve probably dealt with it before.



Need an Accountant?

Get in touch >


Need an Accountant?

Get in touch >


Tax issues?

Find out more >


Tax issues?

Find out more >


Trying to grow your business?

We can help >


Trying to grow your business?

We can help >


Managing cashflow?

We can help >


Managing cashflow?

We can help >


Starting a business?

We can help >


Starting a business?

We can help >


Looking for funding?

Need help with funding? >


Looking for funding?

Need help with funding? >


Buying or selling a business?

We can help >


Buying or selling a business?

We can help >


Adopt the cloud?

We can help >


Adopt the cloud?

We can help >


What else can we do for you?

We can help >


What else can we do for you?

We can help >
CONTACT US

Get in touch, no hard sell, just a brew, a biscuit and a chat.