Budget brings modest benefits to charities
Howard Lake | 8 March 2001 | News
Perhaps it was expecting a lot after last year’s major tax-efficient giving measures, but this year’s government Budget was only moderately beneficial to charities.
Perhaps it was expecting a lot after last year’s major tax-efficient giving measures, but this year’s government Budget was only moderately beneficial to charities. Key benefits include:
the offer of grants to churches to aid renovation of listed buildings, worth an estimated £20m for the Church of England alone.
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From September museums will be able to scrap entrance charges whilst retaining their business status, including the right to reclaim VAT on purchased items.
Sports clubs can now benefit from tax-efficient donations like charities.
“The Chancellor could have been more charitable” argues Stephen Burgess, charities consultant at chartered accountants Saffery Champness, at SocietyGuardian. David Batty on the other hand points out the indirect benefits for the voluntary sector in Charities to indirectly benefit from Budget.
Read VAT change ends entry charge era by Maev Kennedy at SocietyGuardian.
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.