The charity and voluntary sector is set to get a £500m tax relief boost in chancellor Gordon Brown’s March Budget. Brown and prime minister Tony Blair want to use the tax system to promote ‘civic activity’. Brown wants to use tax reliefs to encourage individual and corporate donations and hopes that the Exchequer forgoing £500m in revenues will generate an extra income of at least £1.5bn for charities and voluntary organisations.
Report argues that the government must change the way it makes tax and budget decisions
Drastically fewer offices for HMRC in the hope to reduce their running costs
Tayabali Tomlin and d&t directors launch £20 a month TaxGo service, aiming to be the 'biggest UK firm' by client numbers
Companies must report on their complex financial structures including offshore accounts and notify HMRC