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In a surprise move, the Government announced in the Budget on 12th March 2008, that charities will be reimbursed for the Gift Aid losses incurred when the basic rate of tax changes in April. From 6 April, churches and charities will have to claim at the new basic rate of 20% (giving a reduced refund of 25 pence for every pound given), but HMRC have confirmed that they will calculate and pay transitional relief to make up the difference to the current rate of 22% (28 pence for every pound given).
