TaxAdministrationCharities welcome action on abuse

Charities welcome action on abuse

Charity relief to be protected against abuse with immediate effect

Charity relief is to be protected against abuse with immediate effect as part
of the chancellor’s crackdown on abusive tax avoidance practices.

Gordon Brown confirmed measures restricting the scope for people to donate
large sums of money, then ‘withdraw’ the money for private use once tax relief
has been granted.

Restrictions on relief where charitable funds are used for non-charitable
purposes were also announced.

In a further clampdown on tax avoidance, Brown announced that from 1 April,
rules that restrict the benefits a company can receive in return for charitable
donations will be extended to all companies.

Ernese Skinner, policy and campaigns’ director of the Charity Finance
Directors’ Group, said: ‘We are strongly supportive of it. The government has
been keen to protect tax relief and has been gradually looking at abusive tax
regimes.’

Meanwhile, the National Council for Voluntary Organisations welcomed a new
Office of Third Sector Finance to be based in the Treasury.

Stuart Etherington, chief executive of NCVO, said: ‘This demonstrates the
government’s commitment to the voluntary and community sector and acknowledges
the role our sector plays.’

Related Articles

LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

3d Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

2w Emma Smith, Managing Editor
HMRC issues updated Trusts Registration Service guidance

Administration HMRC issues updated Trusts Registration Service guidance

3w Emma Smith, Managing Editor
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

3m Austin Clark, Reporter
Are you ready for the Trusts Registration Service?

Administration Are you ready for the Trusts Registration Service?

3m Helen Thornley, ATT Technical Officer
Advisers bullish despite Brexit concerns

Accounting Standards Advisers bullish despite Brexit concerns

1y Fraser Simpson, Reporter
Brexit: Five questions accountants should be asking

Accounting Firms Brexit: Five questions accountants should be asking

1y Fraser Simpson, Reporter