The Chancellor has announced that the next Budget, along with the conclusions of the 2021 Spending Review, will be held on 27 October 2021. A press release outlining the Chancellor’s vision for the Spending Review can be read here. The representations portal closed on 30 September 2021.

The Charity Tax Group worked with the Charity Finance Group to prepare a Budget submission on tax issues on behalf of charities. In it, we call on the Government to:

1. Continue to invest in the Future of Gift Aid project to help ensure the relief is fit for the digital age
2. Review the structural distortions charities face due to the VAT system
3. Protect charity business rates relief in England following the recent “Fundamental Review”
4. Stimulate the economic impact of charity-funded research through the tax system
5. Introduce a general exemption for charities from Making Tax Digital for Corporation Tax
6. Bring forward the review of advertising and the associated tax treatment for charities
7. Review the impact of the Health and Social Care Levy on charities
8. Commit to extending the Museum Galleries and Exhibition Tax Relief
9. Commit to a further extension of the Listed Places of Worship Grant Scheme.
10. Review the impact of Insurance Premium Tax on charitable activities.

CTG-CFG Autumn Budget submission 2021