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."