Budget 2016: The main points for the voluntary sector

The headline announcements in Chancellor George Osborne's Budget

The main points affecting the voluntary sector in today's Budget are: 

- Charities have been left waiting for definitive news on whether the 80 per cent mandatory business rate relief they receive will be changed: the Budget documents made no mention of it, but sector sources said they believed the rate will be left alone. 

- Osborne announced that £45m of banking fines will go to military charities and other good causes over the next four years, including £5m for a National Mesothelioma Centre, £4.5m for a new air ambulance service in Northern Ireland and £3.5m for Samaritans to support armed services personnel and veterans.

- It will also pass on £12m in receipts from the so-called tampon tax on feminine hygiene products, with £1m going to both Breast Cancer Care and Girlguiding UK. 

- An extra £5m for a social impact bond aimed at reducing rough sleeping, taking its total value to £10m. 

- A new corporation tax relief from April 2017 for museums and galleries on the cost of temporary and touring exhibitions.

- £60m for community-led housing developments in rural and coastal communities through community land trusts, which are set up by local people to develop and manage homes that are affordable for those who live there. 

- The amount that people can earn before having to pay income tax, which will go up to £11,000 next month, will increase to £11,500 in April 2017, the Chancellor said: this will mean slightly fewer people will pay no tax and will therefore be unable to claim Gift Aid on their charitable donations. 

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus