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Charities propose Gift Aid reform to unlock £450m

By June 29, 2020National News

From Civil Society

A coalition of charities has called for reform of Gift Aid rules to help relieve the financial pressure created by the coronavirus crisis.

The group is led by the Charities Aid Foundation, the Institute of Fundraising, the Charity Financial Group, the Charity Tax Group and NCVO, and includes support from a wide range of charities.

It has asked the government to change the effective tax rate applied to Gift Aid from 20% to 25%. They estimate that this move could unlock an additional £450m per year for charities at a time when fundraising income is falling sharply. The change would be temporary, and run for two years from the beginning of the 2020-21 tax year.

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