2018 Autumn Budget - Charities
The following is a summary of 2018 Autumn Budget in relation to Charities.
To return to the full summary click here.
Gift Aid Small Donations Scheme
Small donations for Gift Aid Small Donations Scheme are currently restricted to cash and contactless payments of £20 or less. From 6 April 2019, this limit will be increased to £30 in line with the limit for contactless payments.
This increase will be appreciated by many charities.
Increases to charities’ small trading exemption limits
The small trading tax exemption limits for charities have been increased. This is for trading that is not the charity’s main purpose. The limits from 6 April 2019 are:-
- Maximum trading £8,000 for annual charity income under £32,000
- Maximum trading 25% of income for annual charity income between £32,000 and £320,000
- Maximum trading £80,000 for annual charity income over £320,000
To return to the full summary of facts click here.
A PDF version is available to download here.
Rates and Allowances tables are available to download here.
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