Generally speaking, charities are not required to pay income tax, corporation tax (on some types of income), capital gains tax, or stamp duty. In addition, charitable contributions are frequently exempt from inheritance tax.
Can you still raise money if your organization isn't recognized as a charity?
Although you wish to raise money, neither you nor the cause for which you're doing it qualify as a Registered charity. Can you make this happen? Absolutely! Everyone is aware of this type of crowdfunding effort, so trust us when we say that the alternatives are both numerous and pricey.