Change in tax rate 'a good opportunity to talk to donors', says finance expert

Don Bawtree of BDO tells Charity Finance Group meeting that changes to the higher tax rate mean donations made before 5 April will attract more tax relief

Don Bawtree
Don Bawtree

The change in the highest rate of income tax that will happen the next few days is "a good opportunity to get in touch with your donors", an audience of charity finance experts heard yesterday.

Don Bawtree, head of not-for-profit at the auditors BDO, told the Charity Finance Group’s London members meeting that the highest rate of tax would change from 50 per cent to 45 per cent at the end of the tax year on 5 April.

He said donations using income earned in the current tax year would attract a higher rate of tax relief than those made in the year 2013/14. And many other donors, Bawtree said, would find that changes in allowances meant they had moved into a different tax band.

"You could ask donors to make sure they’re paying enough tax to cover their donations," Bawtree said. "And also, incidentally, whether they would like to give you some more money."

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners


Expert Hub

Insurance advice from Markel

Managing risk at outdoor events

Managing risk at outdoor events

Partner Content: Presented By Markel

Voluntary and community events are increasingly popular, especially around this time of year.

Third Sector Logo

Get our bulletins. Read more articles. Join a growing community of Third Sector professionals

Register now