Factsheets and Online Resource

Specialist Areas

Charities : Trustees' Responsibilities
It is often considered an honour to act as a trustee for a charity and an opportunity to give something back to the community. However, becoming a trustee involves a certain commitment and level of responsibility which should not be underestimated.
 
Money Laundering and the Proceeds of Crime
There are tough rules to crack down on money laundering and the proceeds of crime. These rules affect a wide range of people and in this factsheet we consider how your organisation may be affected.
 
Money Laundering - High Value Dealers
The Money Laundering Regulations 2007 (the Regulations), apply to a number of different businesses, which include the regulated sector. These regulations contain the detailed procedural requirements for these regulated sectors. The regulated sector includes (amongst others) accountants and auditors, tax advisers and dealers in high value goods.
 
Limited Liability Partnerships
From 6 April 2001, there is a business vehicle in addition to companies, traditional partnerships and sole traders. It is now possible to run your business using what is known as a Limited Liability Partnership (LLP).
 
Community Amateur Sports Clubs
Since April 2002, many local amateur sports clubs have been able to register with the Revenue as Community Amateur Sports Clubs (CASCs) and benefit from a range of tax reliefs including Gift Aid.
 
Social Enterprise Entity Structures
A social enterprise entity is a business with primarily social objectives. Any surpluses made are reinvested into the main principle of that entity (or into the community) rather than maximising profit for shareholders.
 
 This document is locked, you will need to be registered and logon to view it(Locked) Charities in Scotland: Trustees’ Responsibilities
We consider the various responsibilities of being a Scottish Charity Trustee with particular emphasis on accounting and audit requirements.