Clause 14 - Top-up payments not taxable

Part of Small Charitable Donations Bill – in a Public Bill Committee at 2:00 pm on 30 October 2012.

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Photo of Cathy Jamieson Cathy Jamieson Shadow Minister (Treasury) 2:00, 30 October 2012

I genuinely had not expected the clause to be controversial. It seemed necessary and sensible to have something that outlined that the top-up payment was not to be treated as income for purposes of the tax Acts. However, given what the Minister has said, I am left with some confusion. Either a top-up payment that is used for non-charitable purposes has to be repaid because it has not been used for the purpose for which it was intended, or it is eligible to be counted as income for corporation tax. The two things do not logically sit side by side. If the Minister wants to intervene to give further information, that would be helpful. If he is not able to do that at the moment, perhaps he can let us know in due course. I am certainly not suggesting that the clause should not stand part of the Bill.