"We really welcome  the Chancellor's announcement to benefit charities.  The reduction in basic rate tax was potentially going to cost charities up to £90 million pa, as their repayments are calculated on basic rate tax.  However, the Chancellor has decided to keep the existing repayment rate for 3 years - giving charities up to £300 million over this period.

"The change is especially welcome, as it has been very hard for charities to explain easily to their donors why they lost money through the basic rate reduction."

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