Charitable Donations: Tax Allowances

Treasury written question – answered on 14th September 2018.

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Photo of Lord Vinson Lord Vinson Conservative

To ask Her Majesty's Government what is the annual cost to the Exchequer of the tax foregone due to tax relief on charitable donations (1) in the last year, and (2) over the last five years.

Photo of Lord Vinson Lord Vinson Conservative

To ask Her Majesty's Government what is the annual cost to the Exchequer of the tax foregone due to tax relief on charity investment income (1) in the last year, and (2) over the last five years; and what is the breakdown of the total cost over the last five years per taxpayer, per year.

Photo of Lord Bates Lord Bates The Minister of State, Department for International Development

Tax relief is available on donations to charity by individuals and organisations, and to charities for their activities, including investment income.

Information about tax relief on charities’ investment income, and on charitable donations by organisations is not readily available.

Estimates for tax reliefs on charitable donations by individuals are published in “UK charity tax relief statistics”. The table below is an extract from the latest edition.

Extract from Table 2: Estimates for UK charities tax reliefs. Updated June 2018. Restricted to those reliefs for which accurate figures can be estimated

£m

Reliefs paid to charities

Reliefs paid to individuals

Tax Year

Gift Aid

Gift Aid Small Donations Scheme

Inheritance Tax

Payroll Giving

Gifts of shares and property

Higher Rate Relief on Gift Aid

2013-14

1060

10

660

40

60

410

2014-15

1210

20

700

40

60

480

2015-16

1300

30

800

40

70

500

2016-17

1280

30

840

40

70

490

2017-18

1270

30

860

40

70

490

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