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Charities

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16 August 2010

Issue: 4268 / Categories: News

Territories update

The Taxes (Definition of Charity) (Relevant Territories) Regulations SI 2010 No 1904 now includes Iceland and Norway in the meaning of relevant territories in FA 2010, Sch 6 para 2(3).

In related news, HMRC have updated and amended Annex VI of their detailed guidance notes on how the tax system operates for charities. This annex deals with life assurance and capital redemption products.

Statutory references have been updated and the annex now reflects the change in the tax treatment of policy gains arising to corporate charities from 1 April 2008.

Issue: 4268 / Categories: News

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