Latest Expert Witness News
Sue Ryders’ million pound tax boost
Donated goods pay a crucial part in helping The Sue Ryder Charity to raise the £13m it needs annually to fund its work caring for people with conditions such as multiple sclerosis, Parkinson's and cancer.
As such the books records and other donations are gratefully received.
But they are also a lost opportunity. Because for the last eighteen months, Sue Ryder Care has been pioneering an innovative scheme called 'Sign on the Line' which asks taxpayers donating unwanted goods to sign up to the Gift Aid scheme.
It means for us at the end of this financial year an extra £1m that we wouldn't have had.
This enables the charity to collect an extra 28p in tax relief for every per pound raised by selling the items in its shops.
It has been possible to collect Gift Aid on cash contributions for several years. But Sue Ryder Care was the first charity to devise a scheme which would work for physical donations.
back