Tax Benefits for Individuals

For general information about gifts from individuals to charity, please view the Gifts by Individuals section of the HM Revenue & Customs website

Gift Aid
Gift Aid means that we can claim the tax back from the donation you have made, as long as you are a UK tax payer. This means that we get 28p back from the HM Revenue & Customs for every £1 that you donate. A Gift Aid Declaration does not involve any complicated procedures. Once executed, the Declaration operates for all future donations to Norfolk Community Foundation by that individual. There is also a deed of covenant that operates under the Gift Aid scheme.

For more details and examples, please go to the Gift Aid section of the HM Revenue & Customs website.

Gifts of Shares
Individuals are able to get tax relief for gifts to charity of certain listed shares, securities and other investments when calculating their income for tax purposes. You can get this income tax relief, in addition to the capital gains tax relief on gifts of assets to charity. The tax relief applies if you give, or sell at less than market value, any qualifying investments to a UK charity.

If you would like more information about gift of shares, please go to the Gift of Shares section of the HM Revenue & Customs website.


Tax Benefits for Companies

For general information about gifts from companies to charity, please go to the Corporate Gifts section of the HM Revenue & Customs website.

Donations by limited companies
Donations are not eligible for Gift Aid and must be paid to the Foundation gross. The amount of the donation can be offset against Corporation Tax so long as it is included in the company's tax return.

Payroll giving
The upper limit of £1,200 pa has now been abolished, so an unlimited amount can be contributed via payroll giving. In addition, the Government has recently announced rewards to small and medium sized companies (SMEs) that establish payroll giving schemes.

For more details on payroll giving, please go to the Payroll Giving section of the HM Revenue & Customs website.

Gifts of Shares
Businesses can get tax relief for gifts to charity of certain shares and securities. This is in addition to the relief business can claim for them when calculating capital gains tax. The company can get tax relief when you give, or sell to a charity at less than market value, any qualifying shares or securities. However, a company cannot get tax relief for gift of its own shares.

For more details on share giving by companies, please go to the Gift of Shares section of the HM Revenue & Customs website.