Sector leaders come together on tax issues 13/02/09

Sector leaders attended a meeting with the Financial Secretary to the Treasury, Stephen Timms, to discuss proposals for further progress on gift aid reform and to address the issue of irrecoverable VAT.

Stuart Etherington from NCVO, ACEVO's Stephen Bubb, Lindsay Boswell form theInstitute of Fundraising, Keith Hickey form the Charity Finance Directors' Group and John Low, Charities Aid Foundation all were in attendance.

The group entered into a discussion with the financial secretary and his officials, with the Treasury confirming they will look to complete research into the issue of gift aid and higher rate tax payers and be in position to consider possible changes before the 2010 budget, to support the sector at what is likely to be the full depth of the recession.

The group also agreed to enter into further discussions with officials concerning matching grant schemes for unrecoverable VAT charges for organisations involved in joint ventures and shared services.

The group will put forward a series of test cases to the Treasury in order to extract general principles.

Stuart Etherington said on behalf of the group: "We were pleased to see the Government in listening mode on these important issues."

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