Payroll Giving
Payroll Giving is a unique, government-supported workplace
initiative that benefits everyone.
The scheme allows employees, or occupational pensioners, to give
regularly to any UK charity directly from their pay, before tax is
deducted. It costs no more to give more. For example, if you are a
standard rate taxpayer your £8 donation will net The Eve Appeal £10
via Payroll Giving.
Employees
Payroll Giving is extremely simple providing that your employer
offers a Payroll Giving scheme. First of all, you authorise your
employer to deduct regular charitable donations from your pay. Your
employer pays these donations to an approved Payroll Giving Agency
who then distributes the money to the charity or charities of your
choice. Once your donation is set up, there is nothing more you
need do.
Employers
Payroll Giving is a simple way to demonstrate your commitment to
staff morale and good causes.
Most payroll software systems are already capable of
administering a Payroll Giving scheme but help is readily
available. All schemes are administered by a special Payroll Giving
Agency approved by HM Revenue & Customs (HMRC), so employer
responsibilities are minimal. Simply send all the money collected
to the agency once a month (at the same time as Pay As You Earn tax
is sent to HMRC) and the agency will do the rest.
Matched donations made by employers will be allowed as a
deduction against profits for tax purposes.
Payroll Giving Quality Mark
The Payroll Giving Quality Mark recognises and rewards employers
and pension providers for making Payroll Giving available to their
staff. It comprises a certificate and a logo as well as Bronze,
Silver and Gold Awards. To find out more, visit the Payroll Giving
Centre website, operated by the Institute of Fundraising.
http://www.hmrc.gov.uk/payrollgiving/