The Institute of Fundraising to lobby for Gift Aid reform worth £270m

The Institute of Fundraising (IoF) is about to lobby for a Gift Aid reform that could see charities earning an extra £270m a year in tax-free donations.

Funds: Institute of Fundraising to lobby for Gift Aid
Funds: Institute of Fundraising to lobby for Gift Aid

The body for UK fundraisers wants charities to be able to reclaim the full amount of tax paid on a donation by a higher rate tax-payer. Currently, a donor that is a higher rate tax-payer, can claim the difference between the basic and higher rates of tax for themselves.

The IoF will be lobbying the Treasury and other Government ministers, and will be calling on its 5000 individual members to use their own political contacts to lobby for the change.

It will also seek support from Opposition parties, especially targeting the Conservative shadow minister for the Third Sector Nick Hurd.

The IoF will take the campaign to the Party Conferences in the autumn and will be pressing the Government and other parties to include these reforms in their manifestos. 

Gift Aid brings in £947m per year to the voluntary sector.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in