Internal review to make Income Tax simpler and fairer.

Review the use of Trusts and other vehicles to reduce Tax and change rules/laws were needed.

Charity Deductions

Stop charity donation as being deductible from income tax, this will effectively increase the monies raised.

This will also effect Charities from claiming relief on donations, but freeing up time in creating claims and processing them.

UK charities benefit significantly from tax relief on donations, and the cost to the UK government is substantial but well-documented.

According to HMRC’s latest statistics for the tax year ending April 2024:

• Total tax reliefs for charities: £4.46 Billion
• Total tax reliefs for donors: £1.57 Billion

This decrease in revenue to Charities will be offset by spending the overseas aid budget on UK charities.