Our response to the Chancellor's Autumn Statement 2013

5 December 2013

Commenting on proposals to clarify the definition of charity to fight tax avoidance, John Low, Chief Executive of the Charities Aid Foundation, which promotes charitable giving and provides financial services and social finance to not-for-profit organisations, said:

"It is vital to ensure that charities enjoy public trust. We are committed to ensuring that generous tax relief on donations goes to legitimate good causes and is not siphoned off into tax avoidance schemes.

“The Charities Aid Foundation remains committed to working with the Treasury and HMRC to ensure abuse is identified and eradicated.”

Commenting on the ongoing review of Gift Aid, Dr Low added: "It is good news that the Government remains committed to simplifying Gift Aid. We have long called for reform to make it easier for people to add Gift Aid to all their donations whether via smartphones, tablet computers or more traditional methods.

“Gift Aid is vital for charities, but it simply isn’t fit for purpose in the 21st century. By bringing it up to date, charities stand to gain potentially hundreds of millions of pounds a year."

Commenting on the Chancellor's announcement that he will introduce a new tax relief for investment in social enterprises from April, Dr Low, added:

"It's excellent news that the Government is introducing a new tax relief for investment in social enterprises. As a charity which pioneered social investment, we know first hand the huge social impact investing in innovative projects can make.

"It is important that social investment becomes an integral part of Britain’s world-leading financial services.

"Charities and social enterprises must take advantage of the economic recovery to support vulnerable and disadvantaged people in our communities. Many social purpose organisations need investment to expand their services and make an ever greater difference to the lives of millions of people."

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