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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.
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.
Some charities are not subject to regulation by or registration with the Charity Commission, because they are already regulated by another body, and are known as exempt charities. Most exempt charities are listed in Schedule 3 to the Charities Act 2011, but some charities are made exempt by other acts. However exempt charities must still comply ...
The charity says that about 40% of its donations are from pensioners donating their winter payment. [30] In Workington, a thief convicted of stealing £350 from a male pensioner was spared a prison sentence in October after his lawyer told the court that the crime was no worse than that of Starmer in scrapping the winter fuel payment for ...
The company was founded by Chester Mojay-Sinclare in 2009, and its flagship online fundraising service Charity Checkout was launched in 2012. [3] Mojay-Sinclare was still a student when the company was launched. [4] In 2012, the company secured an undisclosed investment and began expansion across the UK. [5]
Charities send around 40m emails per year through the platform, improving their engagement and donations. [5] tt-terminal – This is payments processing service for charities. Between 2004 and 2016, around £300m of online, telephone and mail donations were processed by over 2,000 charities using the platform.
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HM Revenue and Customs (HMRC) states that the main goal of MTD is to make tax administration more effective, more efficient and simpler for taxpayers. [ 2 ] The changes are expected apply to a wide range of taxpayers, including most businesses, micro-businesses, self-employed people and landlords, as well as individual taxpayers.