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Change Gift Aid rules, say umbrella groups
By Paul Jump, Third Sector Online, 26 March 2007
A ‘fixed rate' Gift Aid scheme is among the ideas being proposed by the Institute of Fundraising to protect charity revenues from the income tax cut announced in last week's budget.
The 2 pence cut in the standard rate of income tax from April 2008 means that charities will only be able to reclaim 25 pence on every pound donated instead of the current 28 pence. Under the institute's suggested scheme, charities could choose to fix their Gift Aid rates at...
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