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Gift Aid Correction

2nd of May 2008

 I recently drew readers’ attention to the fact that charities would suffer as a result of the Government’s decision to reduce the basic rate of income tax from 22% to 20%.
In his Budget The Chancellor surprised charities by announcing that, for the next three years, charities would in fact be able to reclaim tax at 22% in spite of the tax reduction. This is very welcome news.
Janet Cornell

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