Osborne calls for calm over charities tax plan

clock

Chancellor George Osborne has played down plans to limit tax relief for charitable giving.

Osborne said the plan announced in last month's Budget would not be rushed in and that he would work with charities and donors to find a way to protect their income. It is feared the change, if implemented, could result in a drop in donations from wealthy benefactors. "I want to sit down with the charities, get it right and make sure they get protected," he told the BBC. "I think the principle that however rich you are, you pay income tax is protected." Mr Osborne admitted the Budget proposal had caused "a rush of headlines", but said he had always been planning to have a period...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax Planning

How charitable giving could help mitigate the IHT on pensions impact

How charitable giving could help mitigate the IHT on pensions impact

Castlefield adviser unpacks what the IHT on pensions changes mean for charitable gifting

Isabel Baxter
clock 27 October 2025 • 3 min read
Reeves eyes income tax rise in Autumn Budget – report

Reeves eyes income tax rise in Autumn Budget – report

Would break Labour’s manifesto pledge

Isabel Baxter
clock 24 October 2025 • 2 min read
Demand for estate planning advice surges as IHT exposure set to triple

Demand for estate planning advice surges as IHT exposure set to triple

Advisers prepare for IHT reforms

Isabel Baxter
clock 21 October 2025 • 2 min read