This is a really important issue to address. Charging VAT on donations businesses make to good causes needs to be addressed to free up giving that is good for all parties. Thanks for highlighting it in this article Zoë Colosimo.
📰 "Why the government must prioritise tax relief for retailers’ charitable donations" Read an article written by our COO Zoë Colosimo for The Grocer on why the current tax requirements for retailers on charitable product donations is causing a huge barrier to giving. VAT on donations for direct use disincentivises retailers to donate unsold goods - at a time when demand for donations has surged and 78% of Neighbourly charities are reporting increased need, particularly for non-food items like toiletries, clothing and hygiene products. Tax relief on product donations for direct use has clear benefits for businesses, the government and the environment. Read more in the article in the comments 👇 "We invite retailers who want to be part of this change to get in touch – and help us bring about this reform for the benefit of all."
COO @ Neighbourly | SDG11 Sustainable Communities | Microsoft Positive Impact Alumni
3moThank you for sharing David 👍 an important one to resolve with huge returns if we do - both socially and environmentally