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Three more years for current Gift Aid level
By David Ainsworth and Helen Warrell, Third Sector, 12 March 2008
Gift Aid will not drop in line with the income tax rate for the next three years, Chancellor Alistair Darling announced in today's Budget.
Until 2011, he promised, charities will still be able to reclaim 28 pence for every pound donated, rather than the level dropping to 25 pence in line with the falling income tax rate, announced in last year’s Budget. He estimated this would reduce the losses that charities would incur by...
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