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ARTICLE · 14 JULY 2009

Proposed Changes To The Substantial Donor Rules - Further Developments

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The Chancellor announced in his Budget that he intended to revise the substantial donor rules (see With... an update for Charities on the budget) to avoid an undue burden being placed on charities.

United KingdomCorporate/Commercial Law
Clive Cutbill
Clive Cutbill
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The Chancellor announced in his Budget that he intended to revise the substantial donor rules (see With... an update for Charities on the budget) to avoid an undue burden being placed on charities. On 14 May, HMRC held a meeting in London for those who had replied to its consultation on the rules, at which their proposals were explained in more detail.

At the meeting HMRC indicated that they hoped to develop new rules to replace the existing rules, which they intend should include a 'purpose test' designed to ensure that only those transactions designed to abuse the tax reliefs available for charitable donations would be caught, and to unveil them in the Autumn 2009 Pre-Budget Review.

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