This note aims to brief community groups so they are in an informed position to argue the case for discounted value asset transfers from local authorities, and to assist local authorities with any required internal processes.
Investing in Your Community, a guide to managing community funds, by Highlands and Islands Enterprise
HMT Guidance - explains the implications of “clawback”
Useful guidance notes on full cost recovery with excel worksheets
A comprehensive guide to the different options for financing a community enterprise.
Guidance from the Scottish Government on State Aid and how it affects you. Advisory Note (but principles also relevant to urban areas).
This information sheet is particularly related to trading on the part of Community Associations, including fundraising events, profits from letting, lotteries, sale of donated goods, donations, business sponsorship, etc.
This Information Sheet is somewhat out of date, however, contains useful information on corporation tax, income tax, gift aid, employees’ tax and national insurance and value added tax. (Rates have changed and the stamp duty provisions should be ignored.)
This briefing explains the most important rules governing VAT on partnerships. It then explains how to make sure that your partnership operates within those rules.