Charities Aid Foundation
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Kings Hill
Kent
West Malling
ME19 4TA
Kings Hill
Kent
West Malling
ME19 4TA
News
Tax relief cap is needed to deter unscrupulous charities, says peer 2
Jonathan Last
17 May 2012
17 May 2012
Lord Wallace, the Cabinet Office spokesman in the House of Lords, sought to justify the tax relief cap yesterday by claiming that not all charities use their funds in a “public-spirited” manner, making the proposed cap necessary.
David Cameron has given the strongest signal yet that the proposed tax relief cap on charitable donations will be dropped.
Artist David Hockney gave away more than twice his wealth in 2012, to become the most generous person on the Sunday Times Giving List.
News
Tax expert says campaign against tax relief cap is 'a storm in a teacup' 6
Kirsty Weakley
27 Apr 2012
27 Apr 2012
Charities should “step back from the storm in the teacup” and, instead of asking the government to reverse its decision on the charitable tax relief cap, should campaign for broader reform of the tax system, according to tax researcher Richard Murphy.
The Treasury has published data showing that some of the UK’s wealthiest citizens pay as little as 10 per cent of their income in tax by claiming tax reliefs, as its seeks to justify its plan to limit the amount of reliefs they can claim.
News
Tax relief cap will cost sector £1bn, says Community Foundation Network 5
Tania Mason
13 Apr 2012
13 Apr 2012
The Community Foundation Network has produced figures suggesting that the tax relief cap will cost charities £1bn while only producing additional tax receipts for the government of £200m.
Nick Aldridge offers a comprehensive overview of the current state of the tax relief cap debacle.
The proposed cap on tax reliefs create a “huge disincentive” for anyone to give more than a quarter of their income to charity, and so is effectively a tax on giving, according to the vice-chair of Charity Tax Group.