Chancellor 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

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource