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Consultation on Gift Aid

 
Leonard Beighton a member of the Low Incomes Tax Reform Group and a director of Tax Volunteers considers possible changes to Gift Aid
 
The Treasury has just completed its consultation on gift aid. In this article I look at the background and set out the response iconoclastic in parts of the Low Incomes Tax Reform Group (LITRG).1
Background
 
Gift aid was introduced in 1990 as a tax-efficient means of making one-off gifts to charities supplementing charitable covenants which at that time gave relief for regular giving for periods exceeding three years. It was extended during the 1990s and widened in 2000 taking the place of covenants so that it can now apply...
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