Is Gift Aid a potential income stream?

0

An article from Charity Digital News says that Charities missing £600m of Gift Aid Funding.

HM Revenue & Customs (HMRC) has today launched a drive to encourage greater take up of the Gift Aid scheme.

The call comes after research by HMRC showed that charities are losing out on potentially hundreds of millions of pounds in extra funding. The government department says that a third of eligible donations made to many of the UK’s 200,000 charities did not add Gift Aid when they could have done. This means that charities are losing out on extra funding worth nearly £600m a year.

Exchequer Secretary to the Treasury, Robert Jenrick MP, said: “The UK has thousands of brilliant charities, all working hard to make people’s lives better. Through Gift Aid, we are already giving charities an extra £1.3bn of funding so they can continue their important work.

Please click here for the full article.

Share.

About Author

Comments are closed.

Subscribe To OurMonthly News Bulletin

Subscribe To OurMonthly News Bulletin

Don't worry! No spam! To our subscribers we send information on some of the important policy changes effecting the third sector, news on local events and a lot more.

You have Successfully Subscribed!