Abstracts » Business

Taxman turns charity case

Article Abstract:

There has been a move toward greater dependence on voluntary organizations and charities to provide social services in Britain, where partnerships are being set up between businesses, the state and charities. It is the government's responsibility to set up a tax regime that allows charities to flourish. Tax relief has only been granted on 12% of charitable donations, but this is set to change, with relief available for smaller donations than the previous 250 pounds sterling limit.

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A tax on charity?

Article Abstract:

The tax status of British charities is examined, including a call for changes in the finance bill to encourage charitable donations.

Finance, Tax reform

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Educational charities rapped by the Revenue

Article Abstract:

Some UK educational charities have been affected by a change in tax rules which means that parents can no longer obtain tax advantages using schemes to pay school fees. Educational charities with purposes geared to public benefit are not affected, and they include charities that provide grants for students. Tax relief will not end for parents until April 1997 and they should obtain advice on how to deal with this change. Educational charities should not result of state support being lost since that is not appropriate usage of charitable funds.

Charitable trusts

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