Sector leaders band together on tax issues

13th February 2009

Sector leaders band together on tax issues

Stuart Etherington, NCVO, Stephen Bubb, ACEVO, Lindsay Boswell, Institute of Fundraising, Keith Hickey, Charity Finance Directors' Group and John Low, Charities Aid Foundation attended a meeting today with the Financial Secretary to the Treasury, Stephen Timms MP, to discuss proposals for further progress on Gift Aid reform and to address the issue of irrecoverable VAT.

The group entered into a constructive discussion with the Financial Secretary and his officials. HM Treasury have confirmed they will look to complete research into the issue of Gift Aid and higher rate tax payers and will be in position to consider possible changes before the 2010 Budget in order to support the sector at what is likely to be the full depth of the recession.

The group also agreed to enter into further discussions with the officials concerning matching grant schemes for unrecoverable VAT charges for organisations involved in joint ventures and shared services. The group will put forward a series of test cases to the Treasury in order to extract general principles.

We agreed to continue with HMT and others in order to see whether there is a real possibility that an opt out scheme for Gift Aid would work.

Stuart Etherington said on behalf of the group: "We were pleased to see the Government in listening mode on these important issues."

 

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