The cap would have limited tax relief to £50,000 or 25 per cent of income – whichever was higher – and was expected to save the Treasury £50m to £80m a year.
But the Chancellor backed down on the plans this week, following fierce opposition from the Give It Back campaign backed by more than 1,000 voluntary organisations including the YMCA, volunteering charity V, Warwickshire Association of Youth Clubs and Cheshire Children, Young People and Families.
YMCA England chief executive Ian Green said: “The government announced the so-called charity tax in its budget without fully recognising the potential impact upon the charity sector.
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