Friday, October 17, 2014

National Insurance 'should be an eligible tax for gift aid purposes'

National Insurance 'should be an eligible tax for gift aid purposes': " report released today by nfpSynergy has called for National Insurance to be treated as a tax for gift aid purposes, so that more people will eligible for gift aid.
The report Give and let give: A briefing on gift aid and how it can be made better, released today by nfpSynergy, looks at the history of gift aid and makes four key recommendations for its future. It states that including National Insurance as an eligible tax for gift aid purposes would help tackle the impact of the raising of income tax thresholds to over £10,000 per year. The impact on charities is that donors who were previously eligible for gift aid are no longer, meaning that gift aid will be reaching fewer people, not more."



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