Charity taxation review includes Internet
The charity taxation review consultation document includes a number of issues and questions for consideration by the voluntary sector.
The charity taxation review consultation document includes a number of issues and questions for consideration by the voluntary sector. It is encouraging that the impact of the Internet as a fundraising medium is included. For example, the document asks whether certification via the Internet or the telephone might make Gift Aid more user-friendly and a more popular method of giving.
You can read the consultation document at the Inland Revenue. Responses to the document are invited before 31 August 1999. Prposals listed include:
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- reducing the Gift Aid threshold from £250 to £100 and allowing this to be paid in instalments, with effect from 1 January 2001
- more flexible Payroll Giving scheme, allowing employers to distribute employees’ donations directly to the charity, and the removal of the £1200 maximum limit for donations
- a publicly-funded supplement adding 10% to payroll giving donations made over a set period