TaxCorporate TaxThink tank urges HMRC modernisation to aid charities

Think tank urges HMRC modernisation to aid charities

ResPublica argues taxman’s antiquated systems cost the charity sector up to £750m a year

HM Revenue and Customs is being urged to modernise its antiquated paper-based
systems to enable charities to reclaim tax through “gift aid” according to an
influential think tank.

A report from ResPublica warns that the charity sector is losing out on £750m
a year in costs and potential revenue because the existing system is too
bureaucratic and estimates each claim for a tax refund costs HMRC £5 to process.

“Digital Giving, Modernising Gift Aid: Taking Civil Society into the Digital
Age”, by deputy director Asheem Singh, urges the creation of an on-line system
to enable charities to claim refunds electronically and calls for a new steering
group to work out a means of applying Gift Aid to new forms of donation such as
via mobile phone texts.

The report claims it is in society’s long-term interest to encourage civil
society. It was commissioned by the Charities Aid Foundation.

Related Articles

‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

3m Emma Smith, Managing Editor
OTS report: Corporation tax should follow accounts

Corporate Tax OTS report: Corporation tax should follow accounts

5m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

5m Emma Smith, Managing Editor
Spring Budget 2017: Making Tax Digital

Business Regulation Spring Budget 2017: Making Tax Digital

9m Shereen Ali, Deputy Editor
Tax fraud loses HMRC £16bn

Corporate Tax Tax fraud loses HMRC £16bn

10m Emma Smith, Managing Editor
HMRC nets £2.6bn in corporate tax from big businesses

Corporate Tax HMRC nets £2.6bn in corporate tax from big businesses

11m Accountancy Age editorial
Tax crackdown brings in £468m for HMRC

Corporate Tax Tax crackdown brings in £468m for HMRC

11m Accountancy Age editorial
Treasury Select Committee report released on Making Tax Digital

Accounting Standards Treasury Select Committee report released on Making Tax Digital

11m Stephanie Wix, Writer