Category Archives: charity + causes

UK Charity Tax U-Turn

Today it was announced by the UK Treasury that the controversial plans to restrict tax relief on charitable donations have been ditched by Chancellor George Osborne.

The cap – which limited relief at £50,000 or 25% of income – was proposed in Mr Osborne’s March 21 Budget caused outcry among many charities which stated that they would lose a substantial proportion of their income as the cap would deter many from making donations.

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