The 'Give it back, George' campaign has received support from more than a hundred charities working within the UK.
They are campaigning to get the Government to keep the unrestricted tax relief available to philanthropists who give money to charity.
Here is what the new rules will mean:
- Currently unrestricted tax reliefs will now be subject to a cap
- Anyone trying to claim more than £50,000 will be limited to 25% of their income or £50,000 (whichever is greater)
- Gifts of £200,000 or more will be subject to the new rules
The problem for many of the charities is that almost half of their income comes from just 7% of donors.
The government appears to have tied itself in knots over the row on charitable giving.
The row over the cap on a tax relief for charitable giving is the latest in a string of rows that have erupted since the budget.
Charities and philanthropists have warned that Government plans to change the way it taxes charitable donations will discourage giving