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Charities and their Donors

 
Maurice Parry-Wingfield Director in Deloitte's Tax Policy Group examines the new measures aimed at stopping substantial donors extracting value from charities and the administrative burdens caused
 
This year's Finance Act has made six sets of changes to the tax treatment of charities and their donors. Sadly they are not drafted as luminously as they might be. Very broadly they:
 
●     introduce the concept of substantial donors;
 
●     provide that certain transactions between a substantial donor and a charity can give rise to 'non-charitable expenditure' for the charity;
 
●     extend to all companies the restriction on gift-aid relief for donations by close companies that obtain something back from the charity;
 
●     tighten the restriction on a charity's tax...

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