Charity Finance Group asks Government to 'meet us half way'

21st February 2013

A month ahead of Budget 2013, Charity Finance Group are asking the Government to ‘meet us half way’ on tackling some of the enduring tax and regulatory issues with financial implications for charities. CFG's budget submission sets out what CFG is doing to improve the operating environment for charities and the areas where the sector needs Government to take more decisive action.

Caron Bradshaw, CEO at CFG, said: “Tackling the deficit clearly trumps all other priorities for Government at present, yet growth continues to be elusive. We’re asking Government to look again at those issues that really inhibit innovation and investment, and ultimately hold back the sector’s contribution to the economy and the well-being of the UK population. As we work to sustain existing funding streams and explore new financing options, we need Government engaged and focused on the long-term.

We welcome the constructive dialogue announced in the Autumn Statement on digital giving and the HMT's work on social investment. But the long-standing sticky issues like unnecessary trading restrictions, defined benefit pensions and irrecoverable VAT, continue to hinder organisations up and down the country. We want the Government to take some positive steps in this area.

Learning from 2012, Government should closely examine tax and spending decisions for the impact they may have on charities in advance of the budget, so there are no nasty surprises this year. Too often, charities and their unique structure, are overlooked in the policy and budget process."


- Ends -


Notes to Editors:


1. CFG is the charity that champions best practice in finance management in the voluntary sector. Our training and development programmes enable finance managers to give the essential leadership on finance strategy and management that their charities need. With more than 2000 members, managing over £19bn, we are uniquely placed to challenge regulation which threatens the effective use of charity funds. For more information, please see www.cfg.org.uk

2. For more information and to see CFG's previous submissions and briefing papers, please see our Budget page.

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