Charitable Incorporated Organisations: Timetable For Introduction

Once the regulations are approved, and a third statutory instrument is passed, the Charity Commission will accept the first applications to form CIOs, possibly before the end of this year.

The Commission has indicated it will accept applications for brand-new CIOs with anticipated incomes of more than £5,000 as soon as the statutory instruments are approved by Parliament.

Thereafter there will be a staged timetable for existing unincorporated charities to set up a CIO and transfer assets into it:

1 March 2013:

applications open for the largest unincorporated charities with incomes of more than £250,000.

1 May 2013:

applications open for unincorporated charities with incomes of more than £100,000.

1 July 2013:

applications open for unincorporated charities with incomes of more than £25,000.

1 October 2013:

applications open for unincorporated charities with incomes of more than £5,000.

1 January 2013:

applications open for unincorporated charities with incomes of less than...