Get clarity on your tax position – and confidence in your approach.
For many charities, management of tax can be a significant area of both risk and opportunity.
While the sector benefits from valuable reliefs and exemptions, the rules are complex and constantly evolving. At the same time, new income streams, working practices and fresh offerings can change your exposure, often in ways that aren’t immediately obvious.
Charities should regularly review their tax affairs to ensure they remain compliant and are making full use of opportunities to reduce costs, helping to maximise the funds available to support their work.
How we can help
Our fixed-price tax review meeting gives you a clear, practical sense-check of your position. We’ll step back, look at the whole picture, and help you understand where you’re well protected – and where you may be missing opportunities or carrying risk. We will help you to manage tax risk, reduce unnecessary cost, and keep your approach proportionate and practical.
Vikki Watts, our head of Charity and Social Enterprise Tax, will guide you through:
- Identifying opportunities to reduce tax costs by making full use of available charitable reliefs and exemptions.
- Highlighting areas of tax risk and explore how these can be mitigated, including protecting your position against potential HMRC challenge.
- Sense-checking your current tax assumptions and whether they remain appropriate as your activities evolve. Have things changed since the tax position was last reviewed?
- Reviewing current structures to establish whether they result in efficient tax practices.
- Exploring the governance of tax to ensure that the charity is appropriately mitigating risk and considering how tax is governed in the organisation.
- Identifying opportunities to maximise Gift Aid.
If you are interested in arranging a tax review with our team, please get in touch.