The Government has just passed legislation allowing for Payroll Giving.
“The eagerly awaited payroll giving scheme for charitable donations, which will operate through the tax PAYE system, will come into being three months from the date the new legislation receives Royal assent, which probably means before Christmas. Under the scheme, people whose employers sign up for the scheme will receive the tax benefits of their donations each payday, without having to present donation receipts”.
“The new legislation also makes life easier for volunteers and community groups by clarifying the tax treatment of reimbursements and honoraria, to make it easier for volunteers to meet their tax obligations and reduce the associated compliance costs. Those changes will apply from 1 April 2009”
