Muslim Aid has welcomed the measures announced by the Chancellor of the Exchequer, George Osborne in his second budget speech in Parliament on 23 March 2011 to help the charity sector and encourage the culture of public giving for good causes.
Muslim Aid also announced that it will launch a legacy scheme in the near future to take advantage of the new measures under which an estate leaving 10 per cent or more to charity will pay a reduced rate of inheritance tax of 36 per cent.
Commenting on the Chancellor’s new measures, a spokesperson said: "Muslim Aid welcomes the scrapping of the requirement for gift aid declarations for small donations up to £5000 and the rise in gift aid benefit limit from £500 to £2500 subject to the existing 5% cap. This will not only help small charities raise gift aid but will also encourage people to donate more to charity”. “Muslim Aid would have preferred these measures coming into force from April this year instead of being phased over the next two years", added the spokesperson.
Note to Editors