Simplify Charity Gift Aid
Even charities want my bank details now; as the BBC highlights.
The problem is that because the UK tax system is so overly complicated, charities are not allowed to claim (GiftAid) the income tax back on personal donations they receive (those individuals have paid that income tax on their salary).
Likewise each person then has to keep records of all donations they make, to fill in the GiftAid section of the personal tax return they are obliged to then prepare, costing them around £50 for a fiantial advisor to help them fill in the form.
Shame the government doesn't just simplify the whole system and allow charities just to claim in good faith GiftAid on any money collected in street donations!
Labels: UK