TaxCorporate TaxBudget2011: Gift aid boost

Budget2011: Gift aid boost

Gift aid threshold for small donations raised to £5,000

The gift aid threshold for small donations is being raised to £5,000 per year for each charity, meaning collection boxes and street collectors will benefit.

This will benefit 100,000 charities to the tune of £240m.

George Osborne says this is “a big help for the big society”, and the more significant reform in 40 years.

Follow the Budget as it happens at accountancyage.com/tag/budget

 

(Pcture © HM Treasury)

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