Budget 2014 for the voluntary sector

Key official documents form this week’s Budget are available at https://www.gov.uk/government/publications/budget-2014-documents. Items of particular relevance to the sector, including extracts from the main Budget 2014 document:

Social Investment Tax Relief

For a starter on SITR, see NCVO. CFG has tweeted: ” Confirmation from HMT . . avail from 6 Apr, applies to debt, orgs w <500 staff”. Pioneers Post says the detail will be published on 27th March.

2.76 Social investment tax relief – The government will set the rate of income tax relief for the social investment tax relief at 30% from 6 April 2014. Eligible organisations will be able to receive up to 344,827 Euros of tax-advantaged investment over 3 years under the scheme. (Finance Bill 2014).

Donors and Gift Aid

Gift Aid digital/intermediaries: 2.91 As announced at Autumn Statement 2013, the government will legislate to allow non-charity intermediaries a greater role in operating Gift Aid with further detail to be set out in regulations. (Finance Bill 2015)

Small charities: 2.92 The government will encourage more donors to use Gift Aid on eligible donations and encourage smaller charities to register for the reliefs they are entitled to. This will include targeted outreach work, a simpler joint HMRC/Charity Commission application process and improving understanding of donor behaviour.

Charity donor benefits: 2.96 The government will review benefits allowed to donors with a view to simplifying existing rules.

Community Amateur Sports Clubs: 2.97 As announced at Autumn Statement 2013 the government will legislate to allow tax relief on gifts of cash from companies to Community Amateur Sports Clubs. (Finance Bill 2014)


More charities, including Scouts and St Johns Ambulance, will benefit from LIBOR fines.

Stamp duty land tax, charities relief: 2.182 As announced at Autumn Statement 2013, the government will legislate to make it clear that partial relief from SDLT is available where a charity purchases property jointly with a non-charity. The charity will be able to claim relief from SDLT on the proportion of the purchase attributable to it. The changes will take effect from the date on which Finance Bill 2014 receives Royal Assent. (Finance Bill 2014)

Civil Society Media Budget news articles can be found via http://www.civilsociety.co.uk/home.

Sector comments

Comments from Twitter include a suggestion that the national Big Data (Alan Turing) institute, which will get £42 million over 5 years, “could really help vol sec too”. See para 2.239 of Budget 2014.