Government Urged To Remove VAT On Charitable Wills

Charity Consortium, Remember a Charity, has urged the UK Government to exempt VAT from the cost of writing a Will containing a charitable bequest.

The consortium predicts a VAT exemption on charitable wills would double the number of people leaving a gift to charity, generating a further £800m for the voluntary sector.

Rob Cope, Remember a Charity director, said “While this change would come at a relatively low cost to government, this could make a huge difference to charities, giving solicitors and will- writers cause to highlight the option and benefits of legacy giving with all clients.”

“We need to ensure that legacy giving is not just something reserved for the wealthiest in society; that it is something we are all given the opportunity to do.”

Legacy giving is a vital source of funds for charities and accounts for £2.5 billion of charitable income each year. Backing the recommendation is The Charity Finance Group, its head of policy and engagement, Andrew O’Brien said: “Legacies are a growing and important way that the public supports good causes. It is critical that we make giving as easy and effective as possible.”

Also supporting the move is the Institute of Fundraising, with its head of public affairs Mike Smith adding “This small change in the cost of writing a will could make a massive difference in the number of people who decide to leave a gift to charity.”

“The Government has been really supportive of efforts to increase legacy giving, and we are encouraging them to back this small reduction in tax to help raise millions for good causes.”

For expert advice on writing or updating a will then please contact Heather Warnock on hw@mitchells-roberton.co.uk or by phoning 0141 552 3422.

This entry was posted in In The News, Legal by Heather Warnock. Bookmark the permalink.

About Heather Warnock

Heather joined Mitchells Roberton in March 2013 as a Financial Guardian Administrator. Although Heather is working as a Paralegal she does have a Law Degree having graduated from Glasgow Caledonian University in 2011 and thereafter completing her Diploma in Legal Practice at Strathclyde University in 2012. The qualifications needed for the post of Financial Guardian Administrator are an aptitude for administration, common sense and empathy for those suffering from mental illness in its various manifestations . Heather has these qualities in abundance, being a volunteer befriender with the Glasgow Association of Mental Health. Despite only recently finishing her Law Degree Heather is a part time tutor in the Law Department at Glasgow Caledonia University. Heather who is originally from Northern Ireland loves going home to visit her family whenever she can. She enjoys live comedy and the theatre. She is also an excellent cook and expert baker…. most welcome skills for our office.

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