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New research informs work to boost gift aid
New research into the 'Key Barriers to the Adoption of Gift Aid' was published today by Financial Secretary to the Treasury, Jane Kennedy MP.
The research was co-funded by the Government and the Charities Aid Foundation (CAF) and involved in-depth interviews with over fifty UK charities, as well as key intermediaries and stakeholders.
Jane Kennedy said:
"I welcome the publication of this important research, which will inform our ongoing work to promote and increase charitable giving in the UK.
"The research complements many of the measures announced in the Budget to promote uptake of Gift Aid, including improvements to auditing, work to bring more smaller charities into Gift Aid, and the launch of new targeted guidance and marketing tools."
Phil Hope, Minister for the Third Sector said:
"This research will be a valuable asset in helping charities make the most of Gift Aid. It will build on the increase we have already seen in the amount of money charities receive from the scheme from £506m in 2002/03 to £828m today. As well as the extra money, Gift Aid helps charities build stronger relationships with donors and raise levels of charitable giving.
"We have consulted widely on making Gift Aid more accessible and in the recent Budget announced a three year transitional period for charities, following the recent drop in income tax, that will ensure a £300m saving to the charities sector."
NOTES TO EDITORS
1. The report 'Key Barriers to the Adoption of Gift Aid is published on the HMRC website - see: http://www.hmrc.gov.uk/research/
2. Budget 2008 also announced that although the basic rate of tax will be 20%, Gift Aid will be paid at a transitional rate of 22% from 2008-09 to 2010-11; providing charities with additional Gift Aid worth around £300 million over three years.
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