Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential merits of temporarily increasing the rate of Gift Aid from 20 per cent to 25 per cent for a period of two years.
The Government is fully committed to supporting charities through the Gift Aid regime. This relief is tied to the basic rate of tax paid by donors, currently at 20%, so would change if the personal basic tax rate changes.
The Government recognises that the sector is experiencing significant pressures and has made available an unprecedented package of economic support, including a £750 million package specifically for charities.