£2m grants to charities from HMRC yielded £26m in additional tax
Howard Lake | 23 January 2013 | News
Grants of £2 million from HM Revenue and Customs (HMRC) to voluntary and community organisations to help people with taxes, benefits and tax credits have led to an additional £26 million in additional tax being declared to last year. This represents an increase of 55% on the previous year.
The organisations used the funding to train around 4,500 volunteers to answer people’s questions on tax credits, benefits and tax issues. As a result, an additional 225,000 people each year will get help and advice on HMRC-related issues.
Exchequer Secretary David Gauke said: "I was very pleased at these results. They show that the grants are a cost-effective way of ensuring that vulnerable people on low incomes get the help they need with their tax affairs from an independent, trusted source.”
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Funding from HMRC?
HMRC's funding is directed at social enterprises, co-operatives and large and small mutuals, as well as voluntary and community organisations. It has been operated a multi-year funding commitment since 2007-08.
The current funding programme runs from 2011-12 to 2014-15. In each year £2 million of grant funding is made available to the voluntary and community sector each year. However, the funding for the current four-year period has now been allocated. Seventeen projects by nine organisations are currently being supported.
4. HMRC has distributed £2 million across nine organisations in the VCS sector to undertake 17 projects aimed at providing support to vulnerable customers.
www.hmrc.gov.uk/vcs/grant-funding-news.htm
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.