U turn on tax cap a major success for charities

NICVA was only one of hundreds of charities across the UK that backed the ‘Give it back George’ campaign, citing the damage it would do by painting ‘philanthropists as tax dodgers and the charities themselves as bogus’.

Seamus McAleavey, Chief Executive of NICVA commented:

“We strongly welcome the U turn in this decision. The damage of a cap on tax relief on all charities at this current time would have been great, for large voluntary or community organisations, but also for smaller groups who benefit from grant-making trusts and foundations, supported from large gift aided donations. This is a major win for all those organisations who rely on these large donations.  We want to thank the NI Assembly for giving their support to the campaign.”

From BBC: 

Announcing the rethink, Mr Osborne said:

"I can confirm that we will proceed next year with a cap on income tax reliefs for wealthy people, but we won't be capping relief for giving money to charity.  It is clear from our conversations with charities that any kind cap could damage donations, and as I said at the Budget that's not what we want at all.

"So we've listened.”

Previously:

NICVA backs 'Give it back George' campaign

NI Assembly asks the Chancellor to Give it Back George