Brexit & EconomyPoliticsBudget 08: Charities given Gift Aid boost

Budget 08: Charities given Gift Aid boost

Charities awarded 22% transitional rate of income tax, which will allow them to rake in an extra £300m through Gift Aid.

Charities will benefit from a transitional rate of 22% rate of income tax.

The Chancellor said that while the basic rate of income tax fell to 20%, this
would help charities bring in an extra £300m through Gift Aid.

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