29 March 2012
CAF’s joint campaign with NCVO, to persuade the Government to
drop its plan to cap tax relief on major donations, has attracted
the support of more than 1000 supporters - from both charities and
individuals.
Among the backers are Cancer Research UK, Victim Support and
Keep Britain Tidy.
With around £1.4bn given to charities by major donors each year,
CAF and NCVO fear that the cap on tax relief – which would mean
that anyone claiming tax relief of more than £50,000 will be
limited to 25% of their annual income or £50,000, whichever is
greater – will lead to philanthropists giving millions of pounds
less to charity per annum.
CAF figures show that 45% of the total amount given to charity
in 2009/10 was from 7% of all donors – and most of these are higher
rate taxpayers that would be affected by the new cap.
The campaign, which was launched after the Chancellor announced
the change in last week’s Budget, has led to coverage for CAF
across the national media, including in the Sunday Times, Sunday
Mirror, Daily Mail, Financial Times, Times, Daily Telegraph,
Independent, City AM and the BBC.
Media contacts
For more information please contact our Media team.