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Check the tax rules on waiving your income or donating to charity

By May 20, 2020National News

During the COVID-19 pandemic, many people are choosing to give up part of their income to support their business or employers, or donate to charity.

HMRC is keen to support people who choose to waive – or give up – part of their income, particularly when it comes to understanding any tax implications.

Employers, directors and employees have several options to support a business or employer, including:

  • waiving their salary or bonuses before they’re paid
  • waiving the right to any dividends
  • giving salary or dividends back to their employer after they’ve been paid

To donate to charity, people can use:

  • Payroll Giving
  • Gift Aid

For full information go to the Government website (opens in a new tab)

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