By Tax Effective Giving from NICVA
Published on 19 Jul 2005
A tax effective donation and accounting system for individuals and companies.
Cheques for Charity
A donation and account system for individuals and companies.
The scheme offers two kinds of Cheque for Charity accounts.
1. INDIVIDUALS
- Donations are processed for you by NICVA, and we also organise the tax rebate.
- The tax rebate is credited to your Cheques for Charity account, giving you funds which you can use to make a further donations.
- You receive regular statements of account.
2. COMPANIES
- Companies pay a sum into an account and offset the donation as a charge against income when completing a CT61 form.
- NICVA processes and administers all donations for you.
- Make a donation from the Cheques for Charity voucher book when it suits you.
- You receive regular statements of account.
Tax effective value of a Cheques for Charity donation:
| Your donation | Reclaimed tax * | Charitable value of your donation |
|---|---|---|
| £10 | £2.82 | £12.82 |
| £25 | £7.05 | £32.05 |
| £50 | £14.10 | £64.10 |
| £100 | £28.21 | £128.21 |
*(these figures are based on a tax rate of 22% which is subject to change)
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