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Time limits for Gift Aid claims begin in 2006

first_imgThe Institute of Fundraising is reminding charities that 2006 is the first year in which they will be affected by the time limits for making Gift Aid tax claims.Currently charities can claim tax back on any donation from 6 April 2000 onwards made by a UK taxpayer who has completed a Gift Aid declaration. Time limits for these retrospective claims come into play this year. Charities that are registered companies must make a Gift Aid tax claim within six years from the end of the accounting period to which the claim relates. Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 18 January 2006 | News Time limits for Gift Aid claims begin in 2006  15 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. The Institute gives an example: “if a charity which is a company for tax purposes, wishes to claim for Gift Aid donations made during its financial year ended 31 December 2000, it must do so by 31 December 2006 at the latest.”Charities which are classified as trusts for tax purposes must make any claim within five years of 31 January in the year following the end of the tax year to which the claim relates.Again, the Institute offers an example: “for Gift Aid donations made during the year ended 5 April 2001, a charity which is a trust for tax purposes has until 31 January 2007 at the latest to make a claim.”In other words, any charity that has outstanding Gift Aid tax claims for donations made in the fiscal year ended 2000/01 should make those claims promptly.In addition, given these time limits, charities might need to consider the wording on their Gift Aid declaration forms, many of which refer to the ability to reclaim tax back to 2000.Megan Pacey, Director of Policy & Campaigns, at the Institute of Fundraising, said: “This is the first time that Gift Aid time limits will impact UK charities and we are urging all fundraisers to ensure that they don’t miss the boat. It is important that any charity with outdated Gift Aid tax claims actions them within the specified time limits to ensure that the charity benefits from the generosity of the Exchequer.”Of course, this change offers a useful opportunity to get back in touch with supporters who have not yet signed up to Gift Aid.The Institute has published a free information sheet “Did you Know Time Limits for Making Gift Aid Claims” which can be downloaded from its website.last_img read more

Mapping the Digital Divide in Rural America

first_imgHome Indiana Agriculture News Mapping the Digital Divide in Rural America Previous articleGrowth Energy Campaign Asking Trump to Listen to Rural AmericaNext articleThe Agri Financial Money Minute: Making Those Tough Decisions Gary Truitt Facebook Twitter Facebook Twitter  Mapping the Digital Divide in Rural AmericaIn general, rural America suffers from a lack of broadband access. However, not all areas do. Finding out who is on-line and who is not is the goal of a new mapping project being proposed by WashingtonEveryone in agriculture agrees rural America needs better broadband access. “It touches agriculture in a big way because we use so many technologies that are available to us — being able to collect the data, and being able to move forward and being more productive. We’re able to not just be productive, but we can better protect our environment,” says American Farm Bureau President Zippy Duvall.Finding out who has what level of service is not an easy task. A bill in Congress would establish a mapping program to generate a picture of what areas have access and which do not. Duvall says this will help direct resources to the right areas. “It’s important to do that because they use that data to be able to take the money back to the areas that need to boost broadband,” he stated. “We need a really good picture of what the availability is so that they know how to send those monies.”While farmers and rural areas need broadband access now, the process of making that happen continues to be frustratingly show. SHARE By Gary Truitt – Jul 23, 2019 Mapping the Digital Divide in Rural America SHARElast_img read more

Modec wins O&M contract for Sangomar field FPSO in Senegal

first_imgThe FPSO vessel at the field will have a capacity to process 100,000 barrels of crude oil per day Rendering of the Sangomar Field Development FPSO. (Credit: SOFEC.) Modec has announced that its subsidiary Modec Senegal (MOSEN) has secured a contract from Woodside Energy to deliver operations and maintenance of a floating production storage and offloading (FPSO) vessel for the Sangomar field development phase 1 project, located offshore Senegal.The project is located in the Sangomar Offshore and Sangomar Offshore Deep oil blocks. The FPSO will be deployed at the Sangomar field which is about 100km south of Dakar. The Sangomar field development is expected to be Senegal’s first offshore oil development.In January, Woodside and Modec signed a purchase contract for the supply of the FPSO. Following that contract, MOSEN has been given the responsibility of operations and maintenance of the FPSO.The contract will cover all in-country installation and commissioning activities, after which an initial 10 year operations and maintenance term will begin.FPSO vessel expected to be delivered in 2023Expected to be delivered in 2023, the FPSO vessel will be moored permanently at a water depth of about 780m by an External Turret mooring system to be supplied by SOFEC, a Modec company.The FPSO vessel will have a capacity to process 100,000 barrels of crude oil per day, 130 million standard ft³ of gas per day, 145,000 barrels of water injection per day and a minimum storage capacity of 1,300,000 barrels of crude oil.Modec president and CEO Yuji Kozai said: “We are delighted and proud that Woodside awarded us the contract for the operations and maintenance of the memorable first FPSO for Senegalese waters further to another major contract for the supply of this FPSO.“In West Africa, we have accumulated well nearly 30 years of operational experience with three (3) FPSOs by identifying and involving local based professionals and labor. We are pleased to be a part of the team that will contribute to the advancement of local energy industry with this long-term operational project in Senegal too.”Presently, Modec operates three FPSOs in Ghana and Côte d’Ivoire as well as it has supplied another seven floating production facilities such as FPSO, FSO and Tension Leg Platform (TLP) that have been installed in Angola, Cameroon, Equatorial Guinea, Gabon and Nigeria.last_img read more