Tax effective giving

There are numerous tax-based incentives on offer to individuals and corporations designed to encourage greater levels of giving. Some of these incentives involve reducing the tax burden on an individual or company as a result of their philanthropy while others involve increasing the value of a donation through a tax mechanism.

The most widely-known tax-effective giving device is gift aid, whereby government supplements the value of a donation by a fixed percentage amount. Legacies and payroll giving are other tax- effective giving options available to individuals. There are also opportunities for higher-rate taxpayers to reclaim tax paid on donations when conducting self-assessments.

Companies have a range of tax-effective giving options open to them, including the gifting of shares. 

Displaying 1 to 30 (of 82) | next | last » 123

Tax adviser guilty of fraud in philanthropic tax loophole
News

Tax adviser guilty of fraud in philanthropic tax loophole 1

Fundraising | Celina Ribeiro | 17 Jan 2012
Tags: Tax effective giving | Law

A tax adviser has been found guilty of setting up a tax avoidance scheme which attempted to exploit the benefits around giving gifts of company shares to charity.

Cameron, Clegg and Miliband pledge legacies
News

Cameron, Clegg and Miliband pledge legacies 1

Fundraising | Celina Ribeiro | 16 Jan 2012
Tags: Tax effective giving | Legacies

While their views on inheritance tax are far from harmonious, the three major party leaders have today each pledged to leave 10 per cent of their estates to charity in their wills.

Tax relief for company volunteering would boost giving by £1bn a year, says think tank
News

Tax relief for company volunteering would boost giving by £1bn a year, says think tank 8

Fundraising | Vibeka Mair | 3 Jan 2012
Tags: Volunteering | Tax effective giving | Taxation | Corporate fundraising

The Centre for Social Justice has said a scheme which gives companies tax relief for subsidising voluntary work carried out by their employees would boost donations to charities by around £1bn a year.

Law firm sees early interest in proposed inheritance tax break on legacies
News

Law firm sees early interest in proposed inheritance tax break on legacies

Fundraising | Vibeka Mair | 9 Dec 2011
Tags: Legacies | HM Revenue and Customs (HMRC) | Tax effective giving | Taxation

Law firm Kingsley Napley has said clients are already expressing interest in the proposed new tax incentive on charitable legacies which will provide a lower rate of inheritance tax when leaving ten per cent of an estate to charity.

Business must support payroll giving, say company leaders
News

Business must support payroll giving, say company leaders

Fundraising | Celina Ribeiro | 10 Nov 2011
Tags: Tax effective giving

Business leaders have called on other businesses to embrace payroll giving as a new survey shows that three out of five workers think the scheme should be available to all employees.

Professor Adrian Sargeant
News

Report by Prof Adrian Sargeant calls for payroll giving to be axed 4

Fundraising | Celina Ribeiro | 14 Oct 2011
Tags: Tax effective giving | Gift aid | Philanthropy

A report following the closed-doors Growing Philanthropy Summit has called for the abolition of payroll giving, compulsory membership of the FRSB and for the Impact Coalition to be merged with the charityfacts website and properly funded.

MPs in the House of Commons
News

Only four MPs donate through payroll giving 7

Fundraising | Celina Ribeiro | 30 Sep 2011
Tags: Tax effective giving

Just four MPs give to charity via their payroll even though the mechanism has been touted by government as a good way to boost giving overall.


CAF launches new cheesy lobbying message on giving
News

CAF launches new cheesy lobbying message on giving 1

Fundraising | Celina Ribeiro | 19 Sep 2011
Tags: Individual giving | Tax effective giving | Philanthropy

Charities Aid Foundation is lobbying politicians to adopt measures to make charitable giving easier and more widespread with a campaign which references cheese.

Payroll Giving in Action launches smartphone app
News

Payroll Giving in Action launches smartphone app

Fundraising | Kirsty Weakley | 25 Aug 2011
Tags: Individual giving | Tax effective giving

Payroll Giving in Action has launched a mobile app which enables users to access its Giving Online service through their smartphone.

HMRC decides that Roman Catholic mass donations can use gift aid
News

HMRC decides that Roman Catholic mass donations can use gift aid 2

Finance | Vibeka Mair | 15 Aug 2011
Tags: Taxation | Tax effective giving | Gift aid

HMRC has said that Roman Catholic mass offerings are eligible for gift aid along certain caveats.

Gift aid and payroll giving both up in 2010/11
News

Gift aid and payroll giving both up in 2010/11 1

Fundraising | Tania Mason | 8 Jul 2011
Tags: Tax effective giving | HM Revenue and Customs (HMRC)

New figures published by HMRC this week show that revenue to charities from both gift aid and payroll giving grew during 2010, despite claims and donors falling.


Treasury proposes scheme to encourage gifts of artworks and 'pre-eminent objects'
News

Treasury proposes scheme to encourage gifts of artworks and 'pre-eminent objects'

Fundraising | Celina Ribeiro | 29 Jun 2011
Tags: Tax effective giving | Major donors

HM Treasury has opened a consultation into a scheme to encourage people to give artworks or ‘pre-eminent objects’ to the nation during their lifetime in a bid to boost philanthropy and bolster the collections of British institutions. 

Calls for solidarity on payroll giving at conference
News

Calls for solidarity on payroll giving at conference

Fundraising | Celina Ribeiro | 28 Jun 2011
Tags: Tax effective giving | Individual giving

Fundraisers and charities need to stand together to promote and reform payroll giving, delegates at a payroll giving conference were told yesterday.

Mark Astarita, chair of the Institute of Fundraising
News

Institute drops Astarita as keynote speaker at payroll giving conference 8

Fundraising | Tania Mason | 24 Jun 2011
Tags: Tax effective giving

The Institute of Fundraising has dumped its own chair, Mark Astarita, as keynote speaker at its Payroll Giving conference at the Home Office next week after he publicly derided the existing delivery of the fundraising technique in a media interview.

Online payroll giving company launched as sector brays for reform of system
News

Online payroll giving company launched as sector brays for reform of system 4

Fundraising | Celina Ribeiro | 24 Jun 2011
Tags: Corporate fundraising | Digital fundraising | Tax effective giving | Websites

An online payroll giving service is ready for launch amid Philanthropy Review and government enthusiasm for the potential of payroll giving and calls from fundraising directors for structural changes to the system.

Inheritance tax relief 'will discourage legacies of over 10 per cent'
News

Inheritance tax relief 'will discourage legacies of over 10 per cent'

Fundraising | Tania Mason | 23 Jun 2011
Tags: Taxation | Tax effective giving | Legacies

The new 10 per cent Inheritance Tax (IHT) Charity Relief announced by the Chancellor in the March Budget could actually encourage legators to reduce the amounts they had planned to leave to charity, an audience of lawyers and philanthropy advisers heard yesterday.



HMRC consults on inheritance tax change
News

HMRC consults on inheritance tax change 1

Finance | Tania Mason | 13 Jun 2011
Tags: Legacies | Tax effective giving

HMRC has opened a consultation on the proposal to incentivise charitable giving by introducing a lower rate of inheritance tax for those that leave a legacy in their will.

Tax incentives not the only key to boosting giving, sector tells APPG
News

Tax incentives not the only key to boosting giving, sector tells APPG 2

Fundraising | Celina Ribeiro | 9 Jun 2011
Tags: Tax effective giving | Taxation | Philanthropy | Major donors | Legacies | Gift aid

The British public has the capacity to give more, but there is no consensus as to whether and what tax incentives can encourage more philanthropy, it was evident at a meeting of sector representatives in Westminster yesterday.

Big Issue Invest appeals to high net worth donors
News

Big Issue Invest appeals to high net worth donors

Fundraising | Kirsty Weakley | 25 May 2011
Tags: Big Society | Social enterprise | Tax effective giving

Big Issue Investment has partnered with the Prism Gift Fund to enable high net worth individuals to donate to the Big Issue Social Investment Fund.

More than a quarter say they can’t afford to make legacies
News

More than a quarter say they can’t afford to make legacies

Fundraising | Celina Ribeiro | 5 Apr 2011
Tags: Legacies | Tax effective giving

More than a quarter of people believe they can’t afford to leave a gift to charity in their will and the majority still don’t plan to write a legacy into their will at all, according to research released yesterday.

Charterhouse campaigns against CAF decision to scrap charity vouchers
News

Charterhouse campaigns against CAF decision to scrap charity vouchers

Fundraising | Niki May Young | 1 Apr 2011
Tags: Tax effective giving

Charterhouse Research has launched a campaign against the Charities Aid Foundation decision to scrap its charity vouchers service, stating that "thousands of donations" could be lost.

HMRC replaces 2009 gift aid forms
News

HMRC replaces 2009 gift aid forms 1

Fundraising | Niki May Young | 31 Mar 2011
Tags: Gift aid | Tax effective giving

HMRC has announced the launch of its new gift aid forms which will replace the forms on the 2009 Gift Aid Toolkit CD and prior internet forms.

Inheritance tax and the Big Society
Blogs

Inheritance tax and the Big Society

Fundraising | 31 Mar 2011
Tags: Tax effective giving | Legacies

The change to inheritance tax relief announced in last week’s Budget may not be the panacea for charities that it appears, says Richard Fairbairn.

A good Budget for the arts
Blogs

A good Budget for the arts

Fundraising | 25 Mar 2011
Tags: Gift aid | Tax effective giving | Major donors | Legacies

With gift aid reform and inheritance tax changes, the arts stand to benefit as a result of this week's Budget, says Christopher Goodhart.

Tax return
News

Sector to lose £400,000 from scrapping of tax return tick-box

Fundraising | Tania Mason | 25 Mar 2011
Tags: Taxation | Tax effective giving | Gift aid

The scrapping of Self Assessment Donate, the mechanism for giving income tax repayments to charity via the tax return, which was announced in Wednesday’s Budget but not given much attention, will see the sector lose around £400,000 a year.

Chancellor George Osbourne. Copyright M Holland
News

Budget unveils 'most radical reforms to charitable giving for 20 years'

Finance | Tania Mason | 23 Mar 2011
Tags: Gift aid | Taxation | Tax effective giving | Legacies

Charities will no longer have to obtain signed gift aid declarations on the first £5,000 of small donations per year in order for those donations to qualify for the tax relief, Chancellor George Osborne announced in his Budget speech today.

Hannah, Terrey, head of policy, CAF
News

Lifetime legacies an ‘ideal solution’ says lobby group 2

Fundraising | Celina Ribeiro | 14 Mar 2011
Tags: Tax effective giving | Individual giving | Major donors

Calls for lifetime legacies to be introduced in the UK have been amplified  today, as a consortium of organisations ranging from Oxford University to professional advisers issued a plea for the government to introduce the mechanism as soon as possible.

Louise Richards, director of policy and campaigns at the Institute of Fundraising
News

Govt must support donor research and fundraiser training, says Institute and FRSB

Fundraising | Celina Ribeiro | 10 Mar 2011
Tags: Individual giving | Tax effective giving | Big Society

The government's Giving Green Paper focuses too much on technology as a cure-all and lacks detail on tax reform, research into giving and fundraiser training, according to separate paper consultation responses submitted by the Institute of Fundraising and the FRSB.

Lifetime legacy push gets more support from STEP
News

Lifetime legacy push gets more support from STEP 1

Fundraising | Celina Ribeiro | 9 Mar 2011
Tags: Major donors | Tax effective giving

Calls for lifetime legacies to be introduced into the UK giving sphere have been getting louder, as the Society of Trust and Estate Practitioners (STEP) weighs in to call for the Chancellor to commit to reviewing the scheme in the Budget.

Payroll giving quality awards increase
News

Payroll giving quality awards increase

Fundraising | Celina Ribeiro | 8 Mar 2011
Tags: Tax effective giving | Individual giving

More companies are reaching higher levels of payroll giving, the Institute of Fundraising has indicated as it prepares to award more than 3,600 certificates of excellence to businesses with payroll giving schemes.

Displaying 1 to 30 (of 82) | next | last » 123