New Data Protection Laws and Consultation
Is your charity ready for GDPR? The new EU General Data Protection Regulation (“GDPR”) will be directly enforceable in the UK on 25 May 2018.
The Fundraising Regulator opened a consultation on making changes to the Code of Fundraising Practice. The Regulator has advised that significant changes will be needed to ensure compliance with GDPR.
The consultation ran until Friday 8 December 2017 and it is anticipated that the new Code will be finalised in spring 2018.
GDPR will focus on how personal data and information is stored, processed and shared. It is vital that you understand how GDPR will impact on your organisation.
With this in mind, our event on 6 March 2017 will include a presentation with practical information on how to prepare for the introduction of the GDPR.
In the meantime, please visit the following webpage for more information: Fundraising Code
Making Tax Digital
Is your charity affected by the “Making Tax Digital” agenda? “Making Tax Digital” aims to make the tax system more efficient. The extent to which charities are affected has been clarified recently by the Charity Tax Group (CTG) and HMRC.
There will be an exemption from the corporation tax requirements for charities, but no similar exemption for VAT purposes.
Therefore, your charity will be expected to comply with the Making Tax Digital requirements for VAT from April 2019, unless your charity is below the VAT registration threshold of £85,000. The HMRC will be piloting the scheme from spring 2018.
For more information about the Making Tax Digital meeting between the CTG and HMRC and for practical advice on the same, please visit the following webpage: HMRC clarifies reporting requirements for charities under Making Tax Digital for VAT
Date for your diary
- Including information on: preparing for the introduction of GDPR
- to be during the morning of 6 March 2018