HMRC release guidance on “fit and proper persons” testPublished in Featured, National News, News on 29th June, 2010

The 2010 Finance Act introduces new rules governing entitlements to UK charity tax reliefs.  The new rules require charities and organisations to satisfy a “management condition” stipulating that their managers are “fit and proper persons”.

However, the legislation does not define what constitutes a “fit and proper person”. HM Revenue and Customs have now issued guidance to explain how they will apply the “fit and proper persons” test to those who have the general control or management of a charity.

The guidance can be found at HMRC’s website here.  Please bear in mind that guidance is often revised, so it is worthwhile checking the site for further updates.