A new category of charity would be created so the voluntary groups, mutual societies and sports clubs do not have to meet the existing strict legal and operational criteria of charitable status.
The idea is being given serious consideration by ministers following a report from the Performance and Innovation Unit, a Blairite think-tank on the legal framework for charities.
Chancellor Gordon Brown has signalled his support for the initiative, which would allow small, poorly funded clubs benefit from tax breaks without the expense of becoming a registered charity.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states