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09 Feb 2010
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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