An independent commission has come up with a series of charity tax reforms which could unlock a wave of giving.
The reform suggests measures aimed at making giving to charities easier, decreasing spending on unnecessary admin and potentially increasing charity income by hundreds of millions per year.
The Charity Tax Commission, led by Sir Nicholas Montagu who was the former chairman of the Inland Revenue (now HMRC), found that charity tax relief is in much need of a radical overhaul.
Changes to the rules around Gift Aid
HMRC adds 25p to every pound given. Along with other reforms,...
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