Charities lose 10% payroll giving supplement

first_img  16 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Since the tax boost was launched in April 2000, payroll giving has seen considerable growth: in just four years the number of companies offering payroll giving has doubled, with over five million employees now able to donate to charity, tax-free from their pay. According to Stephen Ainger, CAF’s Chief Executive: “The 10% supplement has had a dramatic impact on employee giving over the last few years with donations growing from £37 million in 2000 to £86 million in 2003. What is particularly disappointing about the announcement is that the scheme’s success has come at a relatively low cost to Government.”NCVO was equally cautious in its response. It was “concerned that this scheme does not appear to have been subject to any consultation with the sector”. The umbrella organisations aid that it “will be seeking reassurances from the Government that there will be adequate monitoring and assessment of the scheme’s effectiveness at driving up payroll giving.” Charities lose 10% payroll giving supplement Charities Aid Foundation (CAF) has expressed disappointment at the Chancellor’s decision to end the 10% tax relief supplement on all company payroll giving donations.The decision was not unexpected. The boost, launched in April 2000, was only planned to run for three years, so the sector was fortunate that it was extended by a further 12 months in 2003. It was only ever intended as a boost to promote payroll giving and not as a permanent government hand-out.Nevertheless, what the government took with one hand it gave with another, and CAF offered a cautious welcome to the announcement that the government would extend cash incentives to small and medium-sized companies to take up the scheme. Advertisement Howard Lake | 17 March 2004 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img

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