A record of almost £3 million in tax rebates was returned to charities for the 2018 tax year, according to the latest figures from Revenue Jersey. The figures also show that rebates totaling more than £13 million have been returned to charities since 2014.
The returned money is made up of GST rebates and tax rebates from lump sum donations or deeds of covenant.
When Jersey taxpayers make lump sum or deed of covenant donations to Jersey charities, the charities are able to claim back 25p from the Taxes Office for every pound donated. This is similar to the Gift Aid scheme in the UK. Under Jersey’s GST laws, charities can also claim the GST back when they pay for goods and services.
Through Jersey’s charity tax rebate schemes, £2.97 million was returned to charitable causes over the last tax year. Charities also claimed back
- £2.7 million in 2017
- £2.42 million in 2016
- £2.38 million in 2015; and
- £2.55 million in 2014.
The Minister for Treasury and Resources, Deputy Susie Pinel, said: “These figures show that a substantial sum of money is returned to local charities each year through our charity tax rebate schemes, to help them to carry out good works across the island.
“I would like to remind any taxpayers who are thinking of making a considerable donation to charity, to consider using the lump sum or deed of covenant schemes. It might take a little extra effort to fill in the form, but your chosen charity could receive an extra 25p for every pound you donate.”
Islanders wishing to donate under either scheme can find more information, and access the forms on gov.je.
Government of Jersey Press Release.