Scottish Council for Voluntary Organisations

Tax & VAT

employment of any kind are required to apply the normal rules for Pay As You Earn (PAYE) and National Insurance,Contributions (NIC) by making deductions on behalf of HMRC (which deals with both tax and national insurance,the year, with some form of unpaid gap in-between each one, are still liable to pay tax and national insurance,A committee member of a voluntary sector organisation is not liable for tax on expenses or benefits.

https://scvo.scot/support/running-your-organisation/finance-business-management/tax-vat

Property

As with any business transaction, it is important you get the best deal for the organisation and follow,SCVO members with an income of less than £500,000 can access the SCVO Free Legal Advice Service on all,Does it cover insurance and service charges?When is it payable?

https://scvo.scot/support/running-your-organisation/finance-business-management/property

FAQs

Loans over £5,000 For loans in excess of £5000, members must have been an active member for at least,For loans in excess of £10,000 members must have been an active member for at least three years.,The credit committee who deal with loan applications, and the supervisory committee who audit the internal,operations, are also elected by members, under the one member, one vote system.,It is a requirement of the Credit Union Act 1979 that all credit unions have a Fidelity Bond insurance

https://scvo.scot/services/credit-union/faqs

Roles & responsibilities

Members of governing bodies go by a variety of names – ‘Trustees’, ‘Management or Executive Committee,Members’ or ‘Directors’.,with employees with regard to redundancies, mergers and health and safetyensuring employee liability insurance,in overseeing the finances (download sample financial policies and procedures), even if paid staff deal,a member of the board, or a member of the organisation, and they have none of the rights or responsibilities

https://scvo.scot/support/running-your-organisation/governance/roles-responsibilities