Prosecutor Mark Monaghan told the court Life Keys received less than PS3,000 a year in donations, but the defendant applied to register for
Gift Aid to enable the charity to claim back 25 per cent of any donation made by a taxpayer.
Signing up to
Gift Aid, means that Age UK will receive an extra 25p for every PS1 that is raised from donations from the government.
And they also hijacked the details of a legitimate charity in order to submit even more fraudulent
Gift Aid claims.
Gift aid allows charities and community amateur sports clubs to claim an extra 25p for every [pounds sterling]1 donated.
Treasury minister Damian Hinds hailed the success of 25 years of
Gift Aid and encourgaged more individuals and charities, both large and small, to make their donations go further.
For those liable to additional rate tax of 45% which starts where taxable income exceeds PS150,000, they will be able to claim even more tax back on any
Gift Aid donations made.
One way in which the government hopes to help charities is to improve the model
Gift Aid declaration form, as according to research the understanding of
Gift Aid is low and donors do not always make the link between the tax they've paid and
Gift Aid claimed by the charity.
Cybertill's services resulted in a number of benefits for the hospice, such as increasing
gift aid revenues by 20%, an increase in average basket value in-store and delivering a quicker than expected return on investment.
A second report flags up concerns about HMRC's monitoring of the
gift aid system, warning of "scope for individuals and companies to try to exploit loopholes".
UK Income Tax payers are urged to complete a
Gift Aid certificate for their subscriptions and other donations.
ALL donations made to the Welsh Memorial in Flanders Campaign fund will qualify for
Gift Aid.