Government to consult on charity tax cap

The plans will see charitable donations capped at £50,000 a year or at 25% of an individual's income - whichever is greater, from 2013. The cap was announced in last month's Budget. Regarding the consultation, a spokesman said there were "various options on the table" and ministers wanted to "get the balance right", according to the BBC. The planned cap has been criticised by Labour and some senior government figures. Ministers say they want to end the practice of wealthy people minimising their tax bill - sometimes to zero - by donating to charity. Although the donor does no...