Share

PM says tax relief cap 'will be dealt with'

Prime Minister David Cameron, courtesy of 10 Downing Street
News

PM says tax relief cap 'will be dealt with'

Finance | Tania Mason | 9 May 2012

David Cameron has given the strongest signal yet that the proposed tax relief cap on charitable donations will be dropped.

In a wide-ranging interview with the Daily Mail, published today, the Prime Minister claimed the issue would be “dealt with”.

He told the newspaper: “It will be dealt with. I’m not going to give a running commentary, but it will be dealt with,” he said.

Sir Stuart Etherington, chief executive of NCVO, said in response: "This is the most encouraging sign yet that the diverse chorus of disapproval against the cap is being heeded by the highest levels of government.  We hope that the Prime Minister’s comments signal that this unloved policy is finally going to be put out of its misery."

Cap 'will cost society up to £1.5bn'

Cameron's comments came just as Oxford Economics published research estimating that the cap would result in £500m of lost donations and that the multiplier effect of this would equate to between £1.3bn and £1.5bn in lost benefits to society.

It would also see up to 10,700 jobs lost in charities and as many as 18,800 jobs across charities and the wider UK economy, according to the research commissioned by Charities Aid Foundation.

You can read the summary findings here.

The proposed cap, which will limit reliefs on donations to a quarter of the donor’s income or £50,000, whichever is higher, is aimed at preventing wealthy citizens from reducing their tax bills by giving large sums to charity.

Comments

[Cancel] | Reply to:

Close »

Community Standards

The civilsociety.co.uk community and comments board is intended as a platform for informed and civilised debate.

We hope to encourage a broad range of views, however, there are standards that we expect commentators to uphold. We reserve the right to delete or amend any comments that do not adhere to these standards.

We welcome:

  • Robust but respectful debate
  • Strongly held opinions
  • Intelligent relevant discussion
  • The sharing of relevant experiences
  • New participants

We will not publish:

  • Rude, threatening, offensive, obscene or abusive language, or links to such material
  • Links to commercial organisations or spam postings. The comments board is not an advertising platform
  • The posting of contact details for yourself or others
  • Comments intended for malicious purpose or mindless abuse
  • Comments purporting to be from another person or organisation under false pretences
  • Gratuitous criticism, commentary or self-promotion
  • Any material which breaches copyright or privacy laws, or could be considered libellous
  • The use of the comments board for the pursuit or extension of personal disputes

Be aware:

  • Views expressed on the comments board are left at users’ discretion and are in no way views held or supported by Civil Society Media
  • Comments left by others may not be accurate, do not rely on them as fact
  • You may be misunderstood - sarcasm and humour can easily be taken out of context, try to be clear

Please:

  • Enjoy the opportunity to express your opinion and respect the right of others to express theirs
  • Confine your remarks to issues rather than personalities

Together we can keep our community a polite, respectful and intelligent platform for discussion.

Fundraising Regulator should seek government funding, says consultation response

25 Jul 2016

The Directory of Social change has called for the Fundraising Regulator to seek a “statutory grant to...

Neet Feet goes into voluntary liquidation with loss of over 100 jobs

25 Jul 2016

Neet Feet Ltd, the face-to-face fundraising agency accused of unethical practices in a recent article...

Cancer Research UK's Race for Life tops list of mass particpation fundraising events

22 Jul 2016

Cancer Research’s Race for Life raised £52.8m last year making it the highest-earning mass participation...

Trustees disqualified after charity provides platform to terrorist leader

25 Jul 2016

A Kurdish charity has been removed from the register of charities and its board disqualified from trusteeship...

NCVO launches the next stage of its programme to improve trust and confidence in charities

22 Jul 2016

NCVO is to launch a website explaining how charities work along with a communications toolkit for charities...

Office for Civil Society formally transferred to DCMS

21 Jul 2016

The Office for Civil Society, and its responsibilities including social investment, have been transferred...

Blockchain technology could ‘revolutionise’ charity regulation, says report

21 Jul 2016

Blockchain technology could eventually be used to carry out many of the functions of a traditional regulator,...

Macmillan, Cancer Research UK and Brooke use Pokemon Go to encourage fundraising

14 Jul 2016

Macmillan Cancer Support, Cancer Research UK and Brooke are among the charities to encourage fundraising...

Stop looking for a 'big bang' moment for digital transformation

4 Jul 2016

Charities should stop looking for a “big bang” moment in digital transformation and instead focus...

Join the discussion

 Twitter button

@CSFinance