Government plans to reduce regulatory burden

Following on from a consultation conducted with the Charity Commission, Government plans to raise the minimum income thresholds above which charities face more onerous reporting requirements, have been published by the Office of the Third Sector.

These changes include an increase in the threshold above which charities must prepare accruals accounts; an increase in the threshold above which accounts must undergo external scrutiny and an increase in the threshold for charities to submit annual accounts and the Trustees Annual Report to the Charity Commission.

The recommendations are to be introduced in secondary legislation by the end of the 2008/9 financial year.

Full details can be found at:  http://www.charitycommission.gov.uk/news/otsthreshold.asp