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Failure to claim Gift Aid 'cost sector £1bn in 2007'
By Paul Jump, Third Sector, 16 January 2008
UK charities missed out on £1bn last year through donors' failure to use tax-efficient schemes such as Gift Aid and payroll giving, according to a new analysis.
The annual Take TaxAction report, produced by financial advice website Unbiased.co.uk, found that the amount lost by the sector to the taxman was nearly £230m more than in 2006. The report, based on information published by HM Revenue & Customs and the Department for Work and Pensions, says failure to...
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