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ARTICLE · 12 DECEMBER 2013

National Audit Office Reports On Gift Aid

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The National Audit Office’s report, published at the end of November provided a detailed review of the Gift Aid system, as well as estimates of the amount of tax lost through abuse.

United KingdomCorporate/Commercial Law
Chris Priestley
Chris Priestley
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The National Audit Office's report, published at the end of November provided a detailed review of the Gift Aid system, as well as estimates of the amount of tax lost through abuse.

The value of Gift Aid to the sector is £1billion a year, an amount which constitutes 2% of all charity income. The associated tax relief provided to individuals and businesses amounts to £940million.

The NAO identified Gift Aid as a key source of income to charities and since 2000 there has been a significant increase in the reliefs claimed by donors from £130million in 1999-2000 to £940million last year. HMRC is unclear whether the changes to Gift Aid have actually met the objective of encouraging more charitable giving.

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