U.K. tax payroll deduction plans raises donation levels. (General).LONDON, UK -- Changes made in April 2000 to the United Kingdom's tax-free payroll giving Payroll Giving - The Most Tax Effective Way to Give to Any UK Registered Charity British charities still lose a staggering £900 million to the taxman every year – giving through Payroll Giving could substantially reduce this loss. plan have resulted in a 23% increase in charitable donations, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Charities Aid Foundation The Charities Aid Foundation (CAF) is a registered UK charity. Its Head Office is located at West Malling, Kent. Its role is to provide services and assistance to UK and international charities and their donors, as well as to promote donation to charity generally. . The Give As You Earn program saw donations top 50 [pounds sterling] million (C$122 million) for 2001/2002. The average annual contribution grew by 71% to 2,396 [pounds sterling] (C$5,846). Almost half the current contributors joined the plan after changes were introduced more than two years ago. Those changes included removal of a 100 [pounds sterling] monthly ceiling and the addition of a 10% bonus to all payroll donations until April 2003. The dramatic increase in charitable giving has prompted CAF CAF - constant applicative form to spearhead a drive for an extension of the 10% bonus, said Jenny Byers, Executive Director Donor Services. 01732 520 094 |
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