Budget 2015 for Charities

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George Osborne’s budget of 8 July 2015 contained very few measures that would have a specific impact on charities, although a number of the more general measures may have an indirect effect. For example, changes to the Research and Development tax credits legislation will mean that universities and charities will be unable to claim those credits.

Perhaps most significant was the announcement that nearly £70 million of banking fines would be directed to the charitable sector over the next five years with a focus on support for military charities (although other parts of the sector such as air ambulance charities and the Church Roof Fund will also benefit).

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