As announced at Spring Budget 2023, with effect from 15 March (the day of the Budget itself), charities and community amateur sports clubs based in the EU, Iceland, Liechtenstein or Norway no longer qualify for reliefs from UK taxes. Transitional arrangements are in place until April 2024 for EU and EEA charities which have previously been accepted by HMRC as qualifying for relief.
In its Budget policy paper, the Treasury comments: ‘Having left the EU it is right that UK taxpayer money should support UK charities and CASCs’.
As announced at Spring Budget 2023, with effect from 15 March (the day of the Budget itself), charities and community amateur sports clubs based in the EU, Iceland, Liechtenstein or Norway no longer qualify for reliefs from UK taxes. Transitional arrangements are in place until April 2024 for EU and EEA charities which have previously been accepted by HMRC as qualifying for relief.
In its Budget policy paper, the Treasury comments: ‘Having left the EU it is right that UK taxpayer money should support UK charities and CASCs’.
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