Charity umbrella bodies ask Treasury for reduction in 12% Lottery tax

first_img Tagged with: Gaming As an interim measure the voluntary and community sector are calling on the Government to reduce the tax-rate to 9% and use the 3% for good causes over the Olympic period with a review at the end.  23 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 13 September 2005 | News The national umbrella organisations that represent the voluntary and community sector have called for reform of the 12% tax on the National Lottery.The four Councils believe that the case for revisiting the 12% tax, worth £571m per year, is long overdue and is now overwhelming as Lottery funds are top-sliced to support the 2012 Olympics. This will leave a shortfall in funds for good causes. There has been no formal review of the rate of 12% in the eleven years of the Lottery.The voluntary and community sector has said that it wants to see the London Olympics as a success, presenting a huge range of volunteering opportunities. Current proposals, however, would see approximately £1.5 billion of Lottery income diverted to the Olympics with the sector claiming that it would bear the brunt of the burden. Advertisementcenter_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Charity umbrella bodies ask Treasury for reduction in 12% Lottery tax About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more