Payroll Giving,Workplace Giving or Give As You Earn (GAYE) - Is a tax free way for UK tax payers to give money to UK Registered Charities.
Introduced in 1987, Payroll Giving is a simple, tax efficient scheme which allows employees to give money to the UK registered charity of their choice by having a deduction taken straight from their gross pay. There is no tax for the charity to claim back as no tax was deducted.
Some companies match or part match their employee donations via Payroll Giving.
Read more about Payroll Giving: Administration, External Links
Famous quotes containing the word giving:
“Whenever a husband and wife begin to discuss their marriage they are giving evidence at a coroner’s inquest.”
—H.L. (Henry Lewis)