New 'C-Volunteering Initiative' offers prospect of valuable charity tax relief
by Hazel Broad (Deputy Director)
3 January 2012
UK charities are set to get extra £1bn a year through a new tax relief scheme, the 'C-volunteering initiative' which is designed to encourage business donations and could raise charities' income by 10% annually according to estimates featured in a Guardian Money article on Boxing Day.
The idea is outlined in a report by the Centre for Social Justice (CSJ), the thinktank founded by the work and pensions secretary, Iain Duncan Smith. Its work is highly influential in Whitehall.
The CSJ hopes the scheme will help smaller charities which are often overshadowed by Britain's larger charities. The report says that the biggest 3% of charities attract 75% of funding.
The initiative aims to promote employee volunteering linked with improved financial support for charities to help them capitalise on the opportunities and cover the costs that arise from the increased level of activity.
Read the full Guardian article and a CSJ website feature on the scheme via the links below.
Learn more at:
CSJ feature
Guardian Money article
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