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Charities Update

Alan Thomson Senior Charities Tax Consultant at Chantrey Vellacott DFK reviews Gift Aid audits
Many of you will have heard the mention of the phrase 'tax-efficient giving' in a recent edition of the Radio 4 Today programme.
The piece revolved around a story of a frail 93-year-old lady who required a power-assisted chair to aid her in standing up from a sitting position. The local social services were unwilling to provide her with such a chair and her daughter had had to seek donations from local charities.
The interview developed into a discussion regarding the fact that a significant proportion of the charity sector's income now comes from grants either local or national and tax reclaims through the use of tax-efficient giving. The inference...

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