OSCR and HMRC publish joint statement on "charitable purposes"
The Office of the Scottish Charity Regulator and Her Majesty’s Revenue and Customs have published a joint statement on the requirements for ‘definition clauses’ (defining the meaning of the words ‘charitable’, ‘charitable purpose’ or ‘charity’) in the constitutions of bodies seeking charitable status in Scotland and also wishing to apply for charity tax relief.
The position which has been agreed reflects the close general convergence between definitions of what is ‘charitable’ and of ‘charitable purpose’ in the Charities and Trustee Investment (Scotland) Act 2005 and the Taxes Acts. It allows new Scottish charities to comply with the requirements of both sets of legislation with minimum impact on their operations, and should provide reassurance in an area where there has been some uncertainty. No immediate action will be required on the part of existing Scottish charities.
For further details please read the
news item on OSCR’s website.
For further information about the work of OSCR please visit
www.oscr.org.uk
