'£170m tax lost in Gift Aid abuse'

Press Association
Currency - Stock
Currency - Stock

Around £170 million worth of tax has been lost over the last year due to the abuse of relief on charitable donations, the public spending watchdog has found.

The National Audit Office (NAO) said that while Gift Aid was an "important source" of funding, worth £1 billion or 2% of charities' income last year, there was not enough evidence to show that relief on donations provided as much value for the sector as it could.