Latest jobs
Jobs of the week
- Funding and Development Manager, ARK Schools
- Highly Competitive Remuneration, Central London
- Fundraising Manager, NFP Resourcing
- £27829 - £37281 per annum, Leicestershire
- Major Donor Manager, Prospectus
- £30,000 - £33,000,
- Marketing & Events Manager, Shoreditch Town Hall Trust
- £28k - £30k, Shoreditch
- Institutional Giving Officer, Prospectus
- £13/14 ph,
Famous names
Daniel Roche supports environmental organisation Wren's Biodiversity Action Fund
Top-up fund to meet cost of Gift Aid promise
By David Ainsworth, Third Sector Online, 25 March 2008
Charities will have to start claiming Gift Aid at 25p in the pound from 6 April, rather than the current level of 28p, HM Revenue & Customs has confirmed. The Government will set up a separate top-up fund to meet its Budget promise that charities will be able to continue claiming at 28p until 2011.
HMRC said the system would not cause extra paperwork for charities because the top-up will be issued at the same time as the Gift Aid rebate and charities will not need to make a second application in order to receive it.
“We understand some charities have been worried that this will cause extra paperwork and administration for them, but the last thing we want is to burden charities with red tape,” said an HMRC spokesman. “If there’s any extra bureaucracy involved, we will handle it.”
You must log in to comment on articles.
You are reading Third Sector Daily, the free breaking news bulletin that delivers the top stories affecting charities, voluntary organisations and social enterprises every working day.
You must be logged in to make full use of all the site content and features.
All Comments Make a comment
There are currently no comments.