Charities: The Big Society gets a £540m kick-start
Charities are to receive a £540m boost in a move by George Osborne to give fresh impetus to David Cameron's vision of creating a "big society".
Despite the success of high-profile events such as Comic Relief, there is evidence that many charities are struggling to raise cash as family budgets come under pressure.
The involvement of charities in "big society" initiatives is essential if the Prime Minister is to succeed in encouraging more people to become involved in good works.
Although the Chancellor is known not to share Mr Cameron's zeal, he set out plans for the "most radical and most generous reforms to charitable giving for more than 20 years".
Under changes to inheritance tax to be introduced in April 2012, the amount of cash to be collected by the Treasury will be reduced when 10 per cent of estates are left to charity. The resulting tax break will go to the charities – not other beneficiaries – in a move that Mr Osborne said would raise £300m for charities over four years. He added: "I want to make giving 10 per cent of your legacy to charity the new norm in our country."
The Gift Aid scheme, under which charities can reclaim the basic rate tax on donations, is to be overhauled to allow charities to recoup tax on small donations up to a total of £5,000 a year, without the need to fill in forms.
Mr Osborne said: "100,000 charities will benefit to the tune of £240 million."
To encourage the wealthy to donate more, the maximum amount of Gift Aid that can be claimed back on a gift will be raised from £500 to £2,500.
- 1 Sainsbury's '50p challenge' poster telling staff to encourage customers to spend more placed in shop window instead of staff room
- 2 Five-year-old Iris Grace is raising awareness of autism through her extraordinary paintings
- 3 HeForShe campaign: Iceland to follow up Emma Watson speech with UN women's rights conference – for men only
- 4 Car tax disc changes: Two days to go - and they affect you much more than just not displaying a piece of paper
- 5 Teenagers irritable because early school hours mess with their biological clocks
Five-year-old Iris Grace is raising awareness of autism through her extraordinary paintings
Car tax disc changes: Five facts you never knew about your (almost obsolete) tax disc
Isis an hour away from Baghdad - with no sign of Iraq army being able to make a successful counter-attack
Car tax disc changes: Two days to go - and they affect you much more than just not displaying a piece of paper
The Aral Sea: Nasa pictures show how what was once the fourth largest lake in the world has become almost completely dry
Isis, we are told, is a 'clear and dangerous threat to our way of life'. I’m sorry, but I just don’t buy it
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
The Osborne Ultimatum: Chancellor’s benefits freeze bombshell will affect ten million households
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Should gay sex be illegal? 16% of Britons think so
Mark Reckless becomes second Tory MP to defect to Ukip in a month
- < Previous
- Next >
£120 - £125 per day: Randstad Education Luton: Are you looking for part time/ ...
£120 - £130 per day: Randstad Education Chelmsford: Are you a quailed Teacher ...
£120 - £125 per day: Randstad Education Luton: Currently looking for teachers ...
£50 per day: Randstad Education Cheshire: SEN Teaching Assistant EBD , Septemb...