Corporate giving rules to help needy
New proposals to encourage corporate giving are being drafted by chancellor Gordon Brown and home secretary David Blunkett.
Link: Revenue issues charity giving regulations
Brown told MPs they plan to publish a paper in a bid to drive up the amount of support business gives to charities.
Responding to questions in the Commons, he said chief treasury secretary Paul Boateng ‘has been leading the way from the Treasury in trying to engage the corporate sector in several new initiatives that would increase the amount of money available for, and the numbers of people engaged in, voluntary, community and charitable work’.
Brown said increasing corporate engagement in giving and support for voluntary and community projects would be welcome and he looked forward to publishing the joint document ‘on how we can move the process forward in the next few years’.
He claimed the UK regime, including gift aid – available to companies as well as individuals – ‘surpasses what is available in most other countries’.