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News – 19.12.24

Buzzacott advises Rose Street Partners on its investment in Kenwood Damp Proofing PLC

Discover how Buzzacott supported Rose Street Partners on its investment in Kenwood Damp Proofing PLC … Read more

Insight – 18.12.24

Start-up guide: Everything you need to know about Tronc schemes to set your new hospitality business up for success

One challenge for new hospitality businesses is the management of tips and service charges. … Read more

Upcoming event – 16.01.25

VAT on Private School fees training

This in-depth, interactive training seminar is designed to provide school administrators, bursars, finance officers, accountants, and trustees with tailored support and expert insights on the practical implementation of VAT. … Read more

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Last updated: 3 Mar 2021

Spring Budget 2021: Updates for not for profits

The last twelve months have demanded an incredible display of resilience from charities. This budget, and the phased re-opening announcements from the Prime Minster, represent a welcome step in the right direction. 

Off the back of this announcement, organisations can benefit from the extension of the Social Investment Tax Relief scheme (SITR) and the furlough scheme, as well as restart grants that will be available to many organisations within the sector.

Much of this is welcomed news and it’s vital that charity and not for profits continue to take full advantage of the reliefs and the support available where possible. In some instances, such as the announcement of extended reliefs from business rates and VAT in the retail and hospitality sectors, it would provide cash-flow that allows organisations to tread the road to recovery in a stronger financial position.

How the budget affects your charity

Important updates for charities and not for profits

Have an enquiry about what the Budget means for you?

If you have an enquiry about how the Budget affects you, your business or charity, complete the form below and one of our experts will be in touch with you.

View other budget content