01392 288555

1 June 2015

●     Payment of CT liabilities for small/medium-sized companies with accounting periods ended 31 August 2014 where payment not required by instalments.

●     Check for revised HMRC advisory fuel rates.

7 June 2015

●     Electronic filing and payment of VAT liability for quarter ended 5 April 2015.

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Following on from the success of our 2013 and 2014 workshops this year we will be holding workshops in 5 different locations across Devon.

Our UPDATING TRUSTEES workshops will provide Trustees with the opportunity to update themselves on current regulations and governance impacting charities. To include SORP 2014, Trustees’ Report, New Audit Limits, Gift Aid, Charity Structure and Trading, Auto Enrolment and Governance.

Workshop Details:

Timings: All workshops will be 15.45 for a 16.00 start - 18.00

Dates & Locations:

Tuesday 2nd June - Barnstaple Hotel, Braunton Road, Barnstaple, EX31 1LE

Wednesday 3rd June - Southgate Hotel, Exeter, EX1 1QF

Monday 8th June - Grand Hotel, Seafront, Torquay, TQ2 6NT

Tuesday 9th June - TR2, Unit 2, 12 Neptune Park, Cattedown, Plymouth, PL4 0SJ

Wednesday 10th June - The Beehive, Dowell Street, Honiton, EX14 1LZ

Spaces are limited so please book early to avoid disappointment. There is no charge to attend this event however we kindly request that attendees RSVP for seating and catering purposes.

RSVP: Olivia Burls - events@thomaswestcott.co.uk or 01392 288555

Several charities have Permanent Endowment funds in their ownership. There is usually a restriction in the Charities governing document on its use and it is normally one of the following assets: land; buildings; cash; investments.

There are normally significant restrictions on Permanent Endowment funds with frequently the asset itself or the income from the asset only being available for the use as set out in the governing document.

Charity companies (including CIOs) cannot hold Permanent Endowment funds but they are able to transfer such funds to a ‘shell’ charity they own. Such transfers must be used for the original purpose of the fund. They must be kept separate from general or corporate assets.

There may be circumstances when the trustees may wish to spend a Permanent Endowment, but there are requirements which must be fulfilled. The reasons for spending the endowment must be:

• It is necessary to enable the charity to carry out its purpose
• The charity needs the money to set up a new project
• The charity has outgrown its existing premises and needs to sell

Charity Commission consent is needed if:

• The charities annual income is over £1000
• The whole of the Permanent Endowment fund is worth more than £10,000.
• Permission can be obtained by an online form providing basic information such as details of the decision making process, the resolutions proposed including the
reasons, the current market value of the endowment.

There will be requirements to hold quorate trustees meetings; vote with 2/3 of trustees voting to be in favour; and to ask the charity commission to agree.
In short despite the restrictions on them, it is possible to make use of the Permanent Endowment Funds and on occasions to transfer to a similar minded charity, provided the procedures are applied and Charity Commission permission is obtained.

Our Spring 2015 Charity Newsletter is here, read the latest charity news...... Change of charity audit limits, Charities & Insolvency, Charities & trading and don't miss the Dates for your Diary section for our up coming free charity events.

CLICK HERE to read the newsletter

Known fraud and scams
Information and advice on fraudulent activity and scams which Companies House is aware of.

Late filing penalty payment
Companies have been contacted asking for payment of a late filing penalty over the telephone. The caller says they will accept a payment of £5 by credit or debit to place a hold on any further action being taken.

Companies House will not contact you for immediate payment of a late filing penalty or request payment of a nominal fee to place a hold on any recovery action.
Payment plans are set up with the agreement of the manager dealing with your late filing penalty query. We will not cold call you to take a payment.

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The RPA has used part of the BPS budget to create a pot of money called the ‘national reserve’, this money is to be used to create additional BPS entitlements.
New Farmers and Young Farmers who apply for BPS, can apply for additional entitlements out of this pot.

New Farmers need to show that:
• They are 18 or over when they make their BPS application
• They started an agricultural activity on or after 1st January 2013
• They hadn’t carried out or controlled any farming activity in the previous 5 years to the commencement of this activity
• They are in control of the farm business

Young Farmers need to show they are:
• At least 18 years old when they make their 2015 BPS claim, but no more than 40 years old
• In control of the farm business that is applying for BPS, and
• Set up or took control of that business for the first time on or after 1 January 2010

If you would like more information about these additional entitlements or advice about making a claim, call Sally on 01237 472725.

The first round of funding from the Countryside Productivity Scheme opened up on the 9th March 2015.

The grant is worth up to 40% of the total eligible costs, and there are two types of grants available. Small grants will provide funding from £2,500 up to £35,000, and large grants will provide funding from £35,000 up to £1,000,000. Funding is available for items such as LED lighting in livestock housing, equipment to help diagnose lameness in dairy cows, oestrus detectors for suckler cows, calving detectors, static handling and weighing systems for cattle and sheep, water management, poultry litter drying system, GPS equipment, slurry injection systems, crop robotic equipment to control weeds, and more. The deadline for applications is 30th June 2015.

If you would like more information or would like to apply for the grant please contact Sally on 01237 472725

The RPA have now begun the rollout of the pre-populated application form for 2015 Basic Payment Scheme (BPS) Applications. 

Claimants will either be sent the form in the post along with a set of up to date RLR maps, or they will receive an email with the form attached.

If you receive your form by email and there are no changes required, there is a “apply now” web link in the email that you can use to confirm your 2015 BPS application. If changes need to be made, the form will need to be printed and changes made by hand.

If you have used an agent to help you with the registration process then please check with them that they have received the application form and maps.

The deadline for submission of the application is midnight on 15 June 2015.


1 May 2015

  •  Payment of corporation tax liabilities for small/medium-sized companies with accounting periods ended 31 July 2014 where payment not made by instalments.
  • £10 daily penalties apply to late online self-assessment tax returns for the year ended 5 April 2014 to a maximum of £900.

  • New VAT fuel scale charges apply from today.

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 Payroll specialist Debbie Cole will be giving a presentation at Home Hardwares’ corporate members' meeting in Stratford-Upon-Avon on auto enrolment and pension legislation changes.

Home Hardware is dealer owned and is the largest organisation of its kind in the UK, for independent hardware stores. The company has over 400 members including; independent hardware retailers, housewares shops, cook shops, ironmongers and garden centres. Owned by the retailers it serves, Home Hardware enables its members to compete against multiple high street names and DIY superstores.

If you would like information regarding auto enrolment or pensions please contact Debbie on 01392 288555