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Hold fire on accounts threshold, commission urged
By David Ainsworth, Third Sector, 16 July 2008
The Association of Charity Independent Examiners has urged the Charity Commission to postpone plans to raise the income threshold under which charities are allowed to use receipts and payments accounts - the simplest form of accounts, used by small, non-company charities.
The commission is awaiting ministerial approval for the increase in the threshold from £100,000 to £250,000, which would cover an extra 12,000 charities. But the ACIE said that any move to a higher threshold should be delayed until there is more guidance and regulation available. The association's comments were prompted...
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