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Gift Aid allows individuals who are subject to UK income tax to complete a simple, short declaration that they are a UK taxpayer. Any cash donations that the taxpayer makes to the charity after making a declaration are treated as being made after deduction of income tax at the basic rate (20% in 2011), and the charity can reclaim the basic rate income tax paid on the gift from HMRC.
A 10 Minute Rule Bill was introduced by Loughborough MP Andrew Reed based on the Andrew Phillips draft legislation. It recognises the importance of sport in the community by allowing local amateur sports clubs to register with HM Revenue and Customs (HMRC) as a sports club rather than a business for rates and tax purposes.
His Majesty's Revenue and Customs (commonly HM Revenue and Customs, or HMRC) [4] [5] is a non-ministerial department of the UK government responsible for the collection of taxes, the payment of some forms of state support, the administration of other regulatory regimes including the national minimum wage and the issuance of national insurance numbers.
The Government Gateway is an IT system developed to allow applicants to register for online services provided by the UK Government, such as obtaining a driving licence and HMRC self-assessment. [1] This replaced the old system of paper submissions.
Under MTD, taxpayers will send HMRC summaries of their income and expenditure at least four times a year. HMRC says this will enable a more ongoing and accurate projection of tax due, as opposed to the current system of one tax bill at the end of the year. To do this, taxpayers will need to integrate their accounts with software in some way.
The following list of countries by charitable donation shows the total charitable donations from individuals within the nation, as a percentage of the nation's GDP. The figures were published in February 2016 by the Charities Aid Foundation (CAF) in its report titled Gross Domestic Philanthropy . [ 1 ]
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Pennies’ partner retailers nominate the charity or charities to benefit from donations. [4] In January 2013, just over two years after launch, people had donated 4 million times through Pennies, raising £1,000,000 for charity. [5] As of September 2015, over 20 million consumer donations had been made through the digital charity box. [6]