Keep the Gift Aid Tax Break, UK Fundraisers Say
Obama's plan to cut relief for US donors would not work in the UK, experts warn HMRC
CLIVE CUTBILL, HEAD OF PHILANTHROPY, LAW FIRM WITHERS WORLDWIDE
"Tax benefits don't make people give to charity, but they do facilitate the process. This is a perfectly good system and it ain't broke, so why fix it? If the benefit is taken away, higher-rate taxpayers will in effect be penalised. Instead of giving the original amount they might have done, well-advised donors will just reduce their gifts so that the net donation is the same. So in the long term, the amount charities receive will remain the same - even if, in the short term, donations increase because people aren't aware of the change."
Related Content
Comments
