GETTING STARTED – UNITED KINGDOM
Establish a presence in the United Kingdom
If you are a charity, educational institution, NGO, or similar organisation who wants to fundraise or run programmes from the United Kingdom you will need a UK Registered Charity organisation to do so.
A registered charity in the UK has the benefit of being able to receive Gift Aid payments from donations. With a donor’s agreement, a registered UK charity can recover an extra 25p for every £1 gifted, from HMRC. This amounts to the basic rate of income tax (currently 20%) suffered by a UK taxpayer on the gross value of the gift. It does not cost the donor anything. A higher rate tax payer can reclaim the difference between higher rate tax (currently 40% or 45%) and basic rate tax. This claim is made on the taxpayer’s self assessment tax return.
Chapel & York has a variety of options to ensure we can help you establish a cost effective charitable presence in the United Kingdom and crucially reclaim Gift Aid on all UK donations.