In light of reports that the Culture Secretary is lobbying for a reform of Gift Aid, Bill Dodwell (former OTS Tax Director) considers how the operation of that relief could be improved.
Gift Aid and charitable giving is a British success story. In 2023 the Charities Aid Foundation estimated that charities received a record £13.9bn – but from fewer donors (UK Giving March 2024). The CAF estimates that 58% of adults gave to charity – down from 65% in 2019 before the pandemic.
In 2022/23 64 160 charities claimed £1.6bn in Gift Aid repayments (HMRC’s UK charity tax relief statistics published on Gov.UK). Unsurprisingly this was not evenly spread (see figure...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
In light of reports that the Culture Secretary is lobbying for a reform of Gift Aid, Bill Dodwell (former OTS Tax Director) considers how the operation of that relief could be improved.
Gift Aid and charitable giving is a British success story. In 2023 the Charities Aid Foundation estimated that charities received a record £13.9bn – but from fewer donors (UK Giving March 2024). The CAF estimates that 58% of adults gave to charity – down from 65% in 2019 before the pandemic.
In 2022/23 64 160 charities claimed £1.6bn in Gift Aid repayments (HMRC’s UK charity tax relief statistics published on Gov.UK). Unsurprisingly this was not evenly spread (see figure...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
