Government guide to tax incentives for corporate giving published
Howard Lake | 27 February 2005 | News
The Treasury and Home Office have jointly published a guide that promotes corporate giving by detailing the range of tax incentives available for corporate community involvement.
“A guide to tax incentives for corporate giving” lists nine ways in which businesses can give to charity ranging from giving money or shares, through encouraging employees to volunteer or donate to charity, to investing in improving the urban environment, and seconding an employee to a charity.
The guide details the tax incentives available to companies to offer these kinds of support, and includes examples of best practice.
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A copy of the guide has been distributed by the Institute of Fundraising to all its members. “We feel that this is a really useful aid for charities in encouraging businesses to link into and support the voluntary sector”, explained Lindsay Boswell, Chief Executive of the Institute.
In his accompanying letter Mr Boswell put the publication in the context of the Institute’s efforts over the past year to influence the Government’s thinking and attitudes to fundraising. “As a diret consequence of this work,” he reports, “a new charity team in the Treasury and a new post of Head of Charitable Giving in the Home Office have been created.” As a result, “there is now a strong structure in both key departments to allow the Institute to continue influencing future policy around fundraising.
In other recent publications the Institute has indicated that it is working with the Treasury on a proposed campaign to promote Gift Aid.
The guide to tax incentives for corporate giving can also be downloaded at no cost from the Treasury’s website.
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.