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Charity focused Budget Update 



Welcome to our 2014 budget announcement edition of Advice and News.

In this analysis we have mainly concentrated on the budget announcements that will directly affect the charity sector.


The key announcements were on:

Non charity intermediaries to play a greater role in operating Gift Aid

30% tax relief for social investment

VAT waiver for parts of the charity sector


 Gift Aid


Digital Gift Aid

The Government will legislate to allow non-charity intermediaries to play a greater role in operating the Gift Aid declaration to help increase the take up of Gift Aid. This is a positive step by the Government to improve digital giving and promote Gift Aid by working closely with intermediaries to bringing the system in line with other digital payments system.

Small Charities and Gift Aid

The Government is aware that smaller charities may not be currently aware of, or be receiving, the tax relief that they are entitled to in particular GASDS. In response, the Government has announced a package of measures to help small charities make the most of the tax reliefs available. The HMRC will be creating an outreach team to support small charities to benefit from Gift Aid and the Gift Aid Small Donations Scheme (GASDS).

Cultural Gifts Scheme  

The government will be extending the limit for the Cultural Gifts Scheme and the Acceptance in Lieu Scheme, providing up to £40m per year tax reductions for those who donate important cultural objects to the UK.

Donor benefits

The Government is to work on simplifying the rules around Gift Aid; they will look at the donor benefit rules to see how these might be made clearer.



The Government will introduce a 5-year grant for air ambulance charities and inland safety boats to support the costs of VAT incurred on fuel.  This is a key move by the Government towards levelling the VAT playing field for charities.

In addition the Government has set the rate of relief at 30%. They also confirmed that SITR will be available for debt as well as equity investments and for organisations with fewer than 500 employees. Eligible organisations will be able to receive up to £290,000 over three years. The Government will review this relief in 18-24 months to examine whether it is working in the way intended. The relief will apply form the 6 April 2013.

The rate of relief is higher than the tax relief available to individuals making donations under Gift Aid; it will be interesting to see what impact this has on the level of Gift Aid donations received by the charity sector, especially when funding is so tight.









































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