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:
“It is a sad truth, but we have lost the faculty of giving lovely names to things. Names are everything. I never quarrel with actions. My one quarrel is with words.... The man who could call a spade a spade should be compelled to use one. It is the only thing he is fit for.”
—Oscar Wilde (1854–1900)