TaxPersonal TaxChancellor unveils charity tax boost

Chancellor unveils charity tax boost

Measures to encourage more people and companies to give more money and time to voluntary action were set out today by the Chancellor Gordon Brown in a speech 'A Civic Patriotism' at the NCVO annual conference in London today.

The chancellor outlined the case for a ‘new and stronger relationship between individuals, communities and government’ in a four point plan. The plan includes:

tax changes to promote individual giving;

tax changes to promote corporate donations;

measures to promote the giving of time and volunteering; and

measures to develop a new role for voluntary organisations.

The Chancellor said: ‘I want to outline the case for a new and stronger relationship between individual, community and government – for the renewal of British civic society – or a great British society which not only defines the importance of voluntary organisations, but engenders a civic patriotism.

‘I want to propose a new financial foundation for this civic renewal – a modern financial foundation for charitable, voluntary and community action.’

The chancellor confirmed his pledge to ‘put charities on a firm foundation for the future.’ He encouraged charities to exploit the new tax regime which makes it easier for individuals and companies, to give with the aim – ‘millions more giving so that by the end of the year 2002, as a people, have given a £1 billion more.’

Last chance on taxes, warn charity finance experts

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