19 March 2014
Responding to the Chancellor's Budget announcements, the
Charities Aid Foundation's Chief Executive, John Low said:
"We are pleased the Government is committed to promoting and
modernising Gift Aid,
but we urgently need to see the detail. Changes must be far-sighted
and ambitious, so that Gift Aid is truly fit for the digital age
and charities can benefit from this generous tax relief on millions
of text, online and mobile donations.
"It is good that the Treasury wants to simplify benefits for
donors. We need to make it as easy as possible for people to use
the generous tax breaks for giving so that their donations make the
maximum difference to the causes we care about.
It is also positive that the Government is focusing on donor
behaviour in order to address barriers to Gift Aid take-up. They
should build on the work of CAF and the Cabinet Office's
Behavioural Insights Team to identify the most effective ways of
'nudging' donors to use Gift Aid, so that charities can promote the
system as effectively as possible.
“It’s great news that the Government has confirmed a 30% tax
relief on social investment, the first time there has been a tax
relief specifically for those who invest to produce social
benefits. this has the potential to bring in millions of pounds in
investment for charities and social enterprises.
"We need to use this new tax relief to promote social investment
as an everyday part of the financial services industry so we can
grow the charities and social enterprises that can make such a huge
difference to people across the country.”
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