{"id":2567,"date":"2011-03-30T15:18:49","date_gmt":"2011-03-30T15:18:49","guid":{"rendered":"http:\/\/ihbconline.co.uk\/newsachive\/?p=2567"},"modified":"2011-03-30T15:18:49","modified_gmt":"2011-03-30T15:18:49","slug":"budget-aid-welcomed-by-charities","status":"publish","type":"post","link":"https:\/\/newsblogs.ihbc.org.uk\/?p=2567","title":{"rendered":"Budget aid welcomed by charities"},"content":{"rendered":"


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Changes to gift aid, inheritance tax and mileage rates have been welcomed by sector leaders after a Budget announcement hailed as the \u2018best Budget for charities in years\u2019.<\/span><\/p>\n

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Caron Bradshaw<\/a>, chief executive of the Charity Finance Directors’ Group, was impressed by the prominence of charity matters in George Osborne\u2019s speech this afternoon: \u2018It\u2019s refreshing to hear the Chancellor making reference specifically to the charity and voluntary sector rather than having to scrutinise the background papers for details of how announcements might impact us.\u00a0\u00a0There are a number of positive announcements which we are pleased to see and welcome, not least the announcement of a move to online filing and gift aid simplifications for donations up to \u00a35,000. We are also pleased to see the extension of mileage rates to passengers and the reduction in fuel duty which will be of help to charities in keeping overheads down.\u2019<\/p>\n

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Charities Aid Foundation<\/a> chief\u00a0John Low <\/a>went a step further in his praise stating: \u2018The Chancellor has today delivered for charities and those who want to support them.??The commitment to bring gift aid into the 21st century will revolutionise this important tax relief and go a long way towards reducing the \u00a3750m that goes unclaimed each year.\u2019<\/p>\n

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\u2018We are also pleased to see they have implemented our recommendation to remove restrictions around thanking donors,\u2019 he added, referring to increased limits for in-kind services provided to major donors from \u00a3500 to \u00a32,500.<\/p>\n

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The Philanthropy Review, which\u00a0called earlier this week for gift aid to be able to be claimed automatically on small donations<\/a>, praised the government for taking the suggestion on board but said it didn’t go far enough.\u00a0\u00a0Chair Thomas Hughes-Hallett said: \u2018We welcome the intentions of the announcement concerning gift aid for small cash donations as this indicates that the government has recognised the need to release these funds to which charities are entitled.\u00a0\u00a0But we are disappointed at the very modest level of the threshold up to which gift aid can be claimed without the need for gift aid declarations. This means that any charity raising more than \u00a35,000 in small cash donations will miss out.\u2019<\/p>\n

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But the Institute of Fundraising was more upbeat, calculating that the new allowance would give charities an extra \u00a31,250 per year, to be received from 2013.\u00a0\u00a0It said it bore resemblance to the \u2018gift aid light\u2019 idea put forward to the government\u2019s gift aid forum by its working party during 2010, and will make a significant difference to charities\u2019 incomes. ??The resounding discussion on social media platforms and in published comments surrounded legacy reforms. The public is being encouraged to donate after their deaths by a 10 per cent discount on the inheritance tax rate if 10 per cent is donated to a charity in a will.<\/p>\n

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Accountants BDO commented that the new reliefs \u2018chime with the Big Society\u2019, while Urban Forum CEO Toby Blume and NCVO head of research\u00a0Karl Wilding<\/a>suggested that the change might mean that a greater number of small charities would benefit from legacies.<\/p>\n

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However, while Richard Woolich, tax partner at global law firm DLA Piper said \u2018this is the best budget for charities in years\u2019,\u00a0Acevo<\/a> chief executive, Stephen Bubb, maintained a cautious outlook. \u2018This budget leaves a legacy of better giving for generations to come. But now we need Government to get a grip on local cuts so that today\u2019s generation of charities is still around to benefit tomorrow,\u2019 he said.<\/p>\n

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\u2018I will also be making clear that in addition to the positive measures in the Budget, we need action now from the government to get a grip on local cuts to the voluntary sector. That is where\u00a0Acevo<\/a> will be focusing our efforts in the coming days,\u2019 he added.<\/p>\n

Civil Society News:\u00a0 LINK<\/a>
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Changes to gift aid, inheritance tax and mileage rates have been welcomed by sector leaders after a Budget announcement hailed as the \u2018best Budget for charities in years\u2019. Caron Bradshaw, chief executive of the Charity Finance Directors’ Group, was impressed … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2567","post","type-post","status-publish","format-standard","hentry","category-sector-newsblog"],"_links":{"self":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/2567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2567"}],"version-history":[{"count":1,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/2567\/revisions"}],"predecessor-version":[{"id":2568,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/2567\/revisions\/2568"}],"wp:attachment":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}