The Chancellor has confirmed that the date of the Autumn Budget 2017 will be Wednesday 22 November 2017.
CTG has published its pre-Budget submission which identifies four key areas in which Government can support the charity sector:
- Working with charities to ensure the VAT system is fit for the future
- Extending the Making Tax Digital charity exemption to wholly-owned charity trading subsidiaries that are members of a charity’s VAT group
- Progressing discussions relating to the reform of the Gift Aid donor benefit rules
- Addressing the cumulative financial and administration burden of charity taxation.
Following the Chancellor’s announcement in the 2016 Autumn Statement, there will now only be one fiscal statement each year, held in the Autumn. From 2018 there will be a Spring Statement, responding to the forecast from the Office for Budget Responsibility, for which no representations process will be opened.