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Treasury drops Gift Aid tax break reform plans
David Jetuah,
Accountancy Age 09 Feb 2010
Tax policymakers say they will be not be overhauling Gift Aid tax relief as
previously announced
The Treasury has backtracked on a possible move to amend laws governing tax
relief on Gift Aid charity schemes.
The decision was announced at a high-level meeting last week between the tax
policymakers and charity groups.
Charities wanted to see changes, including a possible move to replace tax
relief for higher rate tax payers with an increase in the breaks directly
available to the not- for-profit organisations.
"Rushing into major reforms of the Gift Aid risks damaging what is seen as a
very successful system," The Treasury
told
the FT.
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