A hard ACT to follow
Article Abstract:
The end of Advance Corporation Tax credits will mean a loss of 350 million pounds sterling for United Kingdom charities. The abolition will be delayed for two years and phased in over a further five years. Returns on investment will be reduced. Foreign income dividends are to be illegal from April 1999. Charity taxation is to be reviewed and there has been some hope for concessions on value-added tax, but this hope is dwindling. There are doubts as to whether the tax review will be available by the Parliament's summer vacation for 1998.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Giving to the world's poor
Article Abstract:
The United Kingdom government announced plans to change the tax treatment of charities, in 1997. UK tax laws relating to charities are complex and put of date. A consultation paper is scheduled for release in Nov 1998. Meanwhile, Gordon Brown, chancellor, has announced Millennium Gift Aid, which allows donations to be made to education and poverty relief projects in 80 countries, with tax concessions. The scheme will last until Dec 31 2000, and a large number of charities are likely to benefit.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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It pays to be giving
Article Abstract:
Issues related to taxation and charitable donations in Britain are examined in detail.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2001
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