How to avoid errors when claiming tax reliefs

Written by:

June 22, 2015 at 10:10

Nearly 70,000 charities claim tax reliefs worth billions every year. However common errors not only create problems for charities, but increase the costs for HMRC, creating delays and diverting funding that could go towards promoting the tax reliefs towards helping people to fill out their claim forms. Last year, HMRC provided a helpful ‘Top Tips’ sheet which charities can use to make the claiming process smoother. However, here is a quick overview of some of the top errors and some tips for avoiding them. Common errors when claiming 1. Duplicating the amounts of Gift Aid and Gift Aid Small Donations […]

What’s the latest data on charity sector income and expenditure?

Written by:

June 10, 2015 at 10:26

The UK Civil Society Almanac 2015 is here and as ever provides a wealth of valuable data. I’ve had a read through and drawn out what I think are some of the key findings for people interested in charity finance.

What did we learn from the latest Charity Tax Stats?

Written by:

May 1, 2015 at 12:17

Blink and you probably missed it, but yesterday, HMRC produced its update to the Charity Tax Statistics for 2014-15. While this might not sound important, they are an important window into the finances of the charity sector. Here are three things that charities should take away from the statistics: 1.    There is still a lot of potential to grow Gift Aid The NAO believes that £2.3bn of donations are currently not being claimed for Gift Aid, so it is pleasing to see the amount of Gift Aid being paid out to charities increased by £130m to £1.2bn in 2014-15. CFG […]

Will somebody please think about Gift Aid?

Written by:

April 23, 2015 at 12:31

It may seem odd in the midst of one of the most hotly contested general elections in recent memory to put in an impassioned plea for politicians to think about Gift Aid, but the relief is worth over £1bn a year for charities, so we should never stop championing it! If you were hoping that the next government would put Gift Aid at the heart of its agenda then, like me, you would have been disappointed. None of the main manifestos outlined substantive measures to enhance charitable giving, but on the positive side this does mean that nothing that could […]

Gift Aid could be the key to encouraging a culture of giving

Written by:

April 8, 2015 at 10:21

Charities Aid Foundation has released its latest UK Giving report for 2014 which provides an excellent insight into the state of giving and donations in the UK. One of the key lessons that I believe that we should take from the report, however, is that more needs to be done to encourage a culture of charitable giving in the UK – one of the key asks from the sector in the latest Managing in a New Normal report. This is particularly important for young people. A lot has been written in recent months about the need for the sector to do more to […]

Budget 2015 – Missed opportunities and targeted giveaways

Written by:

March 18, 2015 at 14:56

The Chancellor has sat down, the media are pouring over the budget documents looking for stories to come out of the figures, but what has been the impact of the Budget for charities? A slight easing of austerity Looking at the overall picture, it seems clear that the impact of austerity is not going be significantly reduced at the start of the next Parliament, but will be a lot lighter towards the end. Ignoring the effect of inflation, this Budget has seen an easing of the cuts. In 2016-17, the Budget implies that the amount available to spend for departments […]

#volsecbudget – What should charities look out for?

Written by:

March 17, 2015 at 10:51

Tomorrow will mark the last Budget of this Parliament, and already a great deal has been trailed in the media from inheritance tax cuts to raising the personal allowance. Charity Finance Group coordinated a letter with other sector bodies at the start of the month to ask the Chancellor to tackle a number of issues such as Gift Aid, Gift Aid Small Donations Scheme, VAT and capacity building for the sector. But what should charities be looking out for tomorrow when the Mr Osborne stands up at 12.30 after PMQs? Here are a few things that we think may interest […]

Vision for sector post-2015. What did the politicians have to say at the CFG Annual Conferece?

Written by:

May 19, 2014 at 17:13

Following our overwhelmingly successful Annual Conference last Thursday, back at CFG-HQ we are now digesting the political nuggets that were debated in our closing plenary by the Minister for Civil Society (Nick Hurd) and Shadow Minister (Lisa Nandy) for Civil society, a key Lib Dem peer (Baroness Barker), the outspoken Rt Hon Margaret Hodge, Chair of the Public Accounts Committee and the CEO of NCVO, Sir Stuart Etherington. A year out from the next General Election, we asked them to tell us what they saw as the key issues that will face the sector post-2015, giving us the perfect insight […]

Research questions to get our teeth into on Gift Aid

Written by:

December 2, 2013 at 09:57

The National Audit Office has released a report on HMRC, Gift Aid and other tax reliefs on donations.  Overall it estimates the cost to the exchequer of these tax reliefs to be around £2bn, around half of which goes to charities.  One of the main findings the NAO has stressed is that there is not enough data to ascertain a causal link between Gift Aid and changes in giving behaviour.  Subsequently there is little to determine the value for money of the scheme.  Despite this, most in the sector would argue the success of the Gift Aid brand and the […]

NAO report on Gift Aid: Evidence of a lack of evidence

Written by:

November 21, 2013 at 10:44

Today the first of three long awaited reports into charity regulation and tax reliefs was issued by the NAO. This particular report, called for by the Public Accounts Committee under Margaret Hodge MP in light of the Cup Trust affair earlier this year, looks at the value for money of Gift Aid reliefs to the tax payer. Overall the report states that there is insufficient evidence to conclude value for money but makes it clear that this statement relates to current form and implementation. CFG’s initial thoughts are as follows: Data, evaluation and policy focus: We are pleased that the […]