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My Lords, I support my noble friend in his Question and welcome the tone of the Minister’s thoughtful reply. As a proud member of the British Museum scheme, I think there is a loophole and an unintended consequence of the good intention of the Act, which needs support. I assure the Minister that he will have widespread support in this House if he can find a way through this problem.
My Lords, I support my noble friend in his Question and welcome the tone of the Minister’s thoughtful reply. As a proud member of the British Museum scheme, I think there is a loophole and an unintended consequence of the good intention of the Act, which needs support. I assure the Minister that he will have widespread support in this House if he can find a way through this problem.
I thank the noble Lord for that. This is precisely why the Government are taking their time. We have consulted widely—the consultation finished at the end of February—and we are analysing the responses. There are various complexities. It also impacts on HMRC, as far as gift aid is concerned. We must ensure that we get this absolutely right, and we will make a decision in due course.