Arts organisations 'to benefit from Gift Aid changes'
24th March 2011
New Gift Aid proposals included in chancellor George Osborne's Budget should prove beneficial to the country's arts organisations, Arts Council England suggests.
According to Mr Osborne's report, the coalition government wants to encourage private giving through a higher Gift Aid benefit limit and a modern online filing system.
Under the chancellor's plans, people who leave at least ten per cent of their estate to charity will also see their inheritance tax lowered to 36 per cent from the current level of 40 per cent.
Arts Council England chief executive Alan Davey commented that the Gift Aid reforms are particularly pleasing to see.
He stated: 'It will make a real difference to arts organisations, large and small.
'Anything that improves the ability of the arts to attract income from legacies is also welcome.'
Payroll giving will also be looked at by the government, as it seeks to encourage more people to opt for this donation method.