Gift Aid reform
The Government has given charities and donors a relatively short deadline in which to make their views known on how the Gift Aid regime might be changed.
Ian Pearson, economic secretary to the Treasury, recently announced that the Government expects the proposals to be finalised by 30 September 2010.
There is little doubt that the consensus is for the Gift Aid rules to be made simpler; regrettably, ‘simplification’ seems to have become a euphemism in recent years for rising tax.We can only hope that simpler means what it says in a dictionary this time. Charities provide too much valuable support in otherwise insufficiently supported areas to become the victims of political language and spin.
Please click on this link for more details on Government’s timetable for drawing up proposals to reform Gift Aid.
For further information on Gift Aid, please contact our charities expert and a senior manager Wendy Bambrick on 01727 869141 or a member of our charities and the not-for-profit team.
Date: 18th February, 2010
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