Two leading MK charities that support the local community and voluntary sector are backing the UK-wide campaign ‘Give it Back, George’.
Chancellor George Osborne’s 2012 Budget proposes to cap tax relief for donors who give more that £50k a year to non-profit organisations. This proposal will have a huge negative impact on donations gifted to UK Charities and will further squeeze the sector which is already under immense pressure.
Chief Executive of the MK Community Foundation Julia Upton said: “We develop Community Philanthropy and have close to 200 donors; the cap on income tax reliefs will seriously restrict our ability to raise money for vital causes supporting our community. Already we see community groups struggling to survive, therefore, this income cap is just another barrier to raising much needed funds. The Government promotes the concept of a Big Society, but this tax change only serves to damage this aspiration.”
If you would like to sign the ‘Give it Back, George’ petition, click here