- Charities & Social Enterprise
- 020 7484 7530
Expert advice on charitable and non-charitable trading issues
We advise clients on charitable and non-charitable trading issues, including the use of tax exemptions and concessions. We regularly establish wholly-owned subsidiary companies and advise on the inter-relationship between the trading company and the charity.
We have recently established a number of trading companies for clients looking to maximise the potential for income generation from the use of trading companies, whilst also isolating the charity from risk should the project not succeed.
It was something I heard debated around the time the Social Value Act was being put together: an earlier draft of the legislation had included a definition of ‘social enterprise’ with the idea being that only social enterprises (with a capital ‘S’ and a capital ‘E’) could benefit. However, this was ultimately rejected in the parliamentary process leaving open the possibility that anyone who wanted to (even the private sector) could offer social value as part of a public sector procurement process and get the same credit for it as a CIC or a charity or someone else traditionally seen as part of the ‘not for profit’ sector.