Money matters

David Ainsworth's round-up of what's happening in the finance world

- The Community Development Finance Association's annual conference will take place on 10 and 11 June at the Royal Station Hotel in Newcastle, and will focus on the problems and opportunities the recession brings. The keynote speaker will be Kitty Ussher, the Government's financial inclusion minister.

- Charitable leisure trusts might be able to claim back more VAT after an HM Revenue & Customs U-turn on leisure passes. HMRC originally said charges on leisure passes should be standard-rated for VAT if customers accessed services that were both exempt and standard-rated. It has now said charges should be exempt if the customer accessed both types of services. For details, visit

- London's Business Link service has launched a new web page giving guidance to social entrepreneurs in the capital. The page contains information about setting up new businesses and includes a guide to the support new social entre-preneurs can access. For details, visit

- Social finance umbrella bodies have welcomed a private member's bill proposing changes in the law for cooperatives and credit unions. The legislation would bring the law more closely into line with laws for companies. Dame Pauline Green (below), chief executive of Co-operatives UK, and Mark Lyonette, chief executive of credit union body Abcul, said the rules would allow their organisations to compete on a level playing field.

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