Treasury drops Gift Aid tax break reform plans
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.
