ACAT kickstarts 2022 with major new course on ‘tax and trading’ for churches

ACAT has launched a major new course specifically intended to help churches get to grips with what they need to know about ‘tax and trading’.

Entitled ‘Tax issues surrounding trading for churches’, the three-hour long training session is intended to assist those that are already trading as well as those that want to do so.

The course has been devised on ACAT’s behalf by our longstanding and highly experienced trainer Andrew Burgess, who is an acknowledged expert in tax, and will take place on Tuesday, February 22, between 10am and 1pm.

Andrew said: “The definition of a trade for tax purposes is wider than many people think – and although there are specific tax exemptions for trading income received by charities there are potential dangers.

“Nonetheless, there is a generally accepted solution of using a trading subsidiary but this needs to be handled very carefully.”

The course will cover the following:

•            The tax definition of a trade

•            The basic exemptions for trading income generated by charities

•            The exemption for small scale trading

•            How a trading subsidiary works

•            Potential problems with a trading subsidiary

ACAT Executive Officer Ashley Ellis said: “This is a big issue for churches that trade.

“We’ve heard from members that they want this course – and I’d like to extend my gratitude to Andrew for lending his expertise and making this happen.

“The course will follow on very well from the Gift Aid course we also offer – and please do book early to avoid disappointment.”

For further details or to book your place on ACAT’s new ‘Tax issues surrounding trading for churches’ course click the link HERE.

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