Tax & Charitable Giving
As far as HMRC is concerned, charitable donors consist of individuals and businesses and tax incentive schemes are available for both.
Donations through the Gift Aid scheme are the better known of these. Donations by individuals are treated as if basic rate (20%) tax has already been deducted, so charities can claim back the associated basic rate tax from HMRC. Read onto find out more about taxing gifts and notes for charities and fundraisers.