Wednesday, November 04, 2009

Law could be eased on substantial donors - Third Sector

Law could be eased on substantial donors - Third Sector: "HMRC proposal expected to penalise donors rather than charities

HM Revenue & Customs has drawn up proposals to change the law so that donors, rather than charities, would be penalised if a donation contravened substantial donor legislation, according to sector accountants and lawyers.
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The legislation is designed to ensure that people do not materially benefit from donating to charity and then receiving payments or other benefits in kind in return."

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