Thousands of people are donating to charities to help the suffering of Ukrainian citizens, but there are ways to ensure that donations reach the highest and most deserving people, says Blick Rothenberg, a leading tax and advisory body.
Stephanie Tremain, a director of the firm, said: “Many people are watching the events in Ukraine with growing concern and sadness, and many of us want to help as much as we can. For the most part, that means donating or donating items such as clothes and blankets, and there are several ways to maximize your donations and make sure they reach the right people. “
He added: “Those who pay taxes in the UK should check the box to make sure their donations are made under the Gift Aid scheme. If you donate under Gift Aid, the government will increase the value of your donation by 20%. So, if you donate £ 10 , Then the charity will give you £ 12.50 at no extra cost. Gift Aid works on the premise that the donor must pay at least a sufficient amount of UK tax (either income tax or capital gains tax) to “frank” the top up amount. If you do not pay enough tax, Then you should not tick the Gift Aid box. If you claim the Gift Aid and then do not pay enough tax in the tax year, you must return the “Top Up” to HMRC. “
Stephanie says: “Gift Aid is only available to UK or EU charities that meet the UK definition of a charity. If you are considering donating to a Ukrainian charity, consider whether there are any UK / EU registered charities that would benefit for the same reasons but maximize your donations. “
He added: “If you have recently made a donation and do not claim Gift Aid but feel that you should have, you can contact the charity and ask for the claim in advance.”
Stephanie says: “Sadly, in times of need, dishonest people take advantage of people’s willingness to help and set up fake websites and scams. Scams can be highly credible and can be a text or email asking for a donation, with a link that takes you to a website in disguise of a real charity. While real fundraisers are using platforms such as GoFundMe, which have an urgent appeal for help Ukraine, there may be fake pages set up that you can misrepresent. “
He added: “It’s important to check that you’re donating (to others) to real charities like UNICEF, Save the Children, Red Cross and Action Aid.
“By making sure you find a legitimate website instead of responding to an unsolicited text or email, you can ensure that your money goes to the right people who need it. If you’re not sure, read on before you press the donate button. “
Stephanie says: “Many employers and pensioners run payroll giving schemes, which means you can make donations directly from your total salary or pension. Donations made under Parole Giving are not eligible for Gift Aid, but they do ensure that donations will be made to an actual registered charity. ”