Revenue releases £9m of tsunami tax
Revenue releases £9m of tax on tsunami donations after intervention by chancellor
Revenue and Customs officials have agreed not to tax more than £9m of phone donations made to charities raising money for survivors of the Asian tsunami.
Following a meeting with the Disasters Emergency Committee (DEC), the Revenue has agreed that it will release the money and simplify the rules governing the collection of Gift Aid on charitable donations, according to The Times.
This follows intervention by the chancellor Gordon Brown, who earlier said via a spokesman: ‘we agreed with the revenue departments to do everything possible to maximise the tax relief available, and to make that process as easy for the charities and their donors as possible’.