thewealthnet

It's Giving Tuesday but charity tax reliefs are falling

News Team, 29/11/2022

Today, 29 November, is Giving Tuesday, when we are encouraged to take a break from consumerism and give something to charity.

Coinciding with this, earlier in November, HMRC revealed the changes to charity tax relief figures in the previous tax year.

In the year to April 2022, charities got £1.3 billion in gift aid at the basic rate of income tax.

Higher rate taxpayers claimed £0.5 billion in extra gift aid in the year to April 2022, the same as the year prior.<...


Continue reading this article...


Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@thewealthnet.com


About PAM

PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.

Read more about PAM