Tories blast Labour's 'unnecessary bureauracy'
The Conservative Party has accused the Office of the Third Sector of imposing unnecessary bureaucracy on small charities.
Clark pointed out that, under secondary legislation arising from the Charities Act 2006, charities with annual turnovers of £10,000 or more will be expected to file independently validated accounts from next year. He questioned the move because the Government is consulting on a separate proposal to raise the threshold to £25,000, meaning that smaller charities might have to comply with the rules next year but not the year after.
“This is precisely the sort of bureaucracy that the OTS was set up to root out,” he said.
A spokeswoman for the OTS said: “The consultation on raising the independent examination threshold to £25,000 is not a foregone conclusion. Greg Clark is assuming the outcome.
“However, if it does happen, we estimate that only about 270 charitable companies would be affected by the change. That's out of more than 165,000 charities.”
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