Hint of charity tax relief reform

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Published: Wednesday 19th November 2014 by The News Editor

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Reforms to a charity tax relief could be included in Chancellor George Osborne’s spending plans, a Cabinet Office minister has indicated.

Labour’s Susan Elan Jones (Clwyd South) called on the Government to sort the red tape “nonsense” that prevents charities from setting up a gift aid system.

Gift aid allows charities to reclaim tax on a donation made by a UK taxpayer, which effectively increases the amount of the donation.

Ms Elan Jones told Cabinet Office Minister Rob Wilson: “Can I also ask you as a matter of urgency if you will meet with HMRC and your colleagues in the Treasury to sort out the nonsense whereby especially smaller charities find it difficult to set up a gift aid system.

“That is a correct tax relief that is not going to many charities because of the red tape involved.”

Mr Wilson replied: “I will be happy to meet with HMRC and I think what I would say in response to that is we do have the autumn statement coming up and I think you might want to look out for anything that might appear in there.”

The Autumn Statement takes place on December 3.

Published: Wednesday 19th November 2014 by The News Editor

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