Gift Aid giveaway is costing the taxpayer £940m
Cahal MilmoThe Gift Aid system designed to encourage charitable giving is costing the taxpayer £940m a year in refunds to companies and private individuals – but charities themselves are receiving less money from the mechanism than they did a decade ago.
The public sector spending watchdog, the National Audit Office (NAO), warns today that Gift Aid cannot be described as “value for money” after it found that the total sum received by charities has dropped by £20m to £1.04bn since 2000, while the cost to the public purse increased almost tenfold.
The NAO report into the working of Gift Aid sharply criticised HM Revenue & Customs (HMRC) for collecting insufficient data, and warned there was evidence that changes to corporate donations may have resulted in a reduction of the amount charities receive from firms.
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" Gift Aid giveaway is costing the taxpayer £940m", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), novembre 2013. Consulté le 28/11/2023. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/gift-aid-giveaway-is-costing-the-taxpayer-940m