HM Revenue & Customs (HMRC) has published the research undertaken into the uptake of higher rate tax relief for donations made under the Gift Aid scheme. The report concludes that only 35% of qualifying donors claim higher rate relief.
It is understood that HMRC is reflecting on the results of this research but, as yet, has made no comment regarding any timescale for making changes to the current system.
To view the report in full, please visit the HMRC website: Gift Aid donor research: Exploring options for reforming higher-rate relief.
For further information on Gift Aid, please contact Richard Lupson-Darnell on 017 2788 5517, or a member of Vantis' Charity & Not for Profit Group. Alternatively, please complete and submit the enquiry form below.