According to the firm, Gift Aid relief allows charities to reclaim the basic
rate tax that people have already paid on donations and can increase the value
of their gift by 28p in every pound.
The firm also said runners may have to train that bit harder for next year’s
marathon. The reduction announced in last month’s Budget in the basic rate of
income tax from 22p to 20p from April 2008 will reduce the amount of money that
charities can claim back though Gift Aid.
Taxman lines up early exit from doomed Concentrix tax credits deal, as HMRC faces intense scrutiny from MPs
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said