The guide, written and published by Arthur Andersen in conjunction with Arts & Business, highlights the improvements made to the legislation.
The complexity of previous tax law covering donations was such that it discouraged potential art sponsors and donors.
Under the new tax law cash-gifts made by taxpayers are eligible for relief against income tax and corporation tax. Improvements have also been made to the payroll giving system and fresh incentives have been introduced for the donation of quoted shares.
Colin Tweedy, chief executive of Arts & Business, said the new laws ‘opened up a whole new opportunity for the arts to benefit from the actions of socially responsible businesses’.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy