Posted: 16 July 2010
Issue: Vol 166, Issue 4264
Categories: News, Update, Admin
Keywords: charities, ICAEW, Tax Faculty

Related articles:
Charities face 'fit and proper persons' test

ICAEW: legislation gives too much discretion to HMRC

HMRC have revamped the guidance on the fit-and-proper-persons test for managers of charities published earlier this year.

It incorporates significant revisions, in particular the details on when a charity should notify the Revenue about a manager.

The ICAEW Tax Faculty said it remains concerned that 'the legislation gives too much discretion to HMRC, while at the same time it imposes costly and additional compliance burdens on every charity’.

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