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.’
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy