Gift Aid small donations scheme

The new scheme has been introduced to allow charities to claim a top-up payment on cash donations of up to £20 received on or after 6 April 2013, without requiring Gift Aid declarations.

Charities will be able to claim on Gift Aid up to £5,000 per yea of small donations, which equates to £1,250. This scheme is ideal for small cash donations, which may be received in collection boxes or during religious services or fundraising events.

HMRC has issued guidance icluding who is eligible, what counts as a small dnation, working our how much you can claim and how to claim. These guides can be accessed at: http://www.hmrc.gov.uk/charities/gasds/index.htm

Story courtesy of ORCC