In this episode of ICAEW Insights, we look at the issues facing charities in the UK, the increasing focus of regulators, investors and stakeholders on non-financial misconduct and what’s new with tax.

Host and ICAEW financial services director Philippa Kelly is joined by the Institute’s head of charities and voluntary sector, Kristina Kopic, to discuss the challenges the sector has faced over the past two years. It has been difficult for charities to both operate sustainably and support users at a time when they particularly need it.

Barrister at 4-5 Gray’s Inn Square and Financial Services Faculty Board Member Nikesh Pandit discussed the Financial Conduct Authority’s (FCA) increased focus on non-financial misconduct. The FCA takes a fairly strong stance on non-financial misconduct; some individuals have been banned from working in the financial services industry because of it. Nikesh looks at the parallels for Chartered Accountants.

Finally, Lindsey Wicks, ICAEW’s technical editor, tax, looks at the latest tax news, including the deferment of the new VAT penalty regime and HMRC’s briefing on its approach to tax fraud.

Links:
- https://www.icaew.com/learning-and-development/events/charity-conference.
- https://www.icaew.com/technical/volunteering-community/trustee-training-modules.
- https://www.icaew.com/groups-and-networks/communities/volunteering.
- https://www.icaewvolunteers.com/.
- https://www.fca.org.uk/news/press-releases/fca-bans-three-individuals-working-financial-services-industry-non-financial-misconduct.
- https://www.icaew.com/technical/financial-services/2021/banning-individuals-for-non-financial-misconduct.
- https://www.icaew.com/insights/tax-news/2022/jan-2022/New-VAT-penalty-regime-deferred-to-January-2023.
- https://www.icaew.com/insights/tax-news/2022/jan-2022/HMRC-briefing-highlights-its-approach-to-tax-fraud.
- https://www.icaew.com/insights/viewpoints-on-the-news/2022/Jan-2022/What-happens-if-you-miss-the-31-January-self-assessment-filing-and-payment-deadline.
- https://www.icaew.com/insights/tax-news/2022/jan-2022/HMRC-announces-onemonth-self-assessment-penalty-waiver.

Host:
Philippa Kelly, director, financial services, ICAEW

Guests:
- Kristina Kopic, Head of Charities and Voluntary Sector, ICAEW.
- Nikesh Pandit, Barrister, 4-5 Gray’s Inn Square and Financial Services Faculty Board Member.
- Lindsey Wicks, Technical Editor, Tax, ICAEW.

Producer:
Natalie Chisholm

Episode published: 20 January 2022
Episode recorded 17 January 2022