Government to hold consultation on tax reliefs plan The Government is to hold a formal consultation on Budget measures to rein in tax reliefs claimed by the rich, amid continuing controversy over their impact on charities, Downing Street said today. A Treasury minister today accepted that the introduction of the cap would have an impact on charities. Exchequer Secretary David Gauke said the measure was expected to bring in £300 million of additional revenue across the range of reliefs, of which between £50 million and £100 million would come from the charities cap. Ministers are due to hold discussions over the coming days and weeks with charities and major philanthropists, who fear that the change will significantly reduce giving to good causes. And a formal consultation will be held on the implementation of the proposal set out by Chancellor George Osborne in his March Budget, which would limit income tax reliefs to £50,000 or 25% of income, said Downing Street. Results of the consultation are expected to be published in the summer. A spokeswoman for Number 10 said that Prime Minister David Cameron wants to encourage charitable giving, but declined to say whether he agreed with Mr Gauke that the proposed cap would reduce donations.