Funding news

Budget 2013 - 20 March 2013

So far reaction to the Budget has been relatively positive with a general feeling from the voluntary sector that it could have been a lot worse.

Time will tell how much the rhetoric stands up to the reality, but some of the key announcements include:

  • the Government meets its international aid commitment but DFID budget will be reduced: While international aid charities celebrate reaching the 0.7 per cent aid target, there's criticism against the government's commitment to international tax avoidance;
  • from April 2014, every UK business and charity will be entitled to a £2,000 Employment Allowance towards their bill for National Insurance contributions. Treasury says the Budget measure will be worth about £45m to 35,000 charities;
  • the Government will consult on one-off gift aid declaration for digital giving;
  • the Government will introduce a new tax relief for social investment in the Finance Bill 2014;
  • the Government will improve and collate its guidance for volunteers who run events in the next few weeks.

CivilSociety.co.uk has been following the online reaction from the sector here.

Click here for the complete Budget 2013 document.