HMRC Charity Statistics
According to HMRC the charitable tax reliefs provided by them increased from £3.22bn in the tax year 2009/10 to £3.34bn in 2010/11.
This was made up of £2.56bn (09/10 £2.48bn) of reliefs to charities and £0.78bn (09/10 £0.74) of reliefs to individuals.
The reliefs to charities is made up of £1.1bn (09/10 £1.03bn) tax repayments which includes gift aid, £1.16bn (09/10 £1.14bn) in business rates relief payments, VAT £0.2bn (09/10 £0.2bn), Study Duty Land Tax £0.1bn (09/10 £0.11bn).
The reliefs to individuals is made up of £0.34bn (09/10 £0.32bn) inheritance tax, £0.35bn (09/10 £0.33bn) higher rate relief on gift aid and covenants, £0.03bn (09/10 £0.03bn) payroll giving, £0.06bn (09/10 £0.06bn) gifts of shares and property.
The full statistics can be found at http://www.hmrc.gov.uk/stats/charities/menu.
Date: 20th July, 2011
Articles from this Author
9th February, 2018
Guidance for charities regarding the changes to the automatic disqualification of trustees rules
30th November, 2017
Legislative changes affecting the Charitable Incorporated Organisation (CIO)
14th November, 2017
Updated guidance for independent examiners (CC32)
13th November, 2017
Charity Commission Annual Report 2016/2017
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole