Emergency Budget 2010 - The impact on the Charities and Education Sector
Rabjohns' Director Andy Wood analyses the impact the Emergency Budget has had on the Charities and Education Sector.
At a difficult time financially for many organizations, charities have been hit particularly hard. Whilst there were no specific measures for charities, the following are likely to have a significant impact:
- Increase in VAT rate to 20%
- Major public sector spending cuts
- Consultation on Gift Aid
- Withdrawal of Lennartz method of recovering VAT
- Substantial donor consultation
- Changes to allowances and benefits
For a full review of the changes please read our report Emergency Budget 2010 - The impact on the Charities and Education Sector.
If you have any questions regarding the recent changes, or would like to be added to our mailing list to receive regular updates, please contact Andy Wood, Director on 01905 732105 or by e-mail aw@rabjohns.co.uk.
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