London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Are you making the most of Gift Aid?

A recent survey suggests that 4 in 10 charities do not maximise their gift aid claims due to administration and complexity of the rules involved.

A survey of 896 charities carried out by a group including the Charity Finance Directors Group (http://www.cfdg.org.uk), the Charity Tax Group (http://www.ctrg.org.uk) and the Institute of Fundraising (http://www.institute-of-fundraising.org.uk) found that 81% of respondents would like to simplify the system by moving to an electronic database for storing Gift Aid declarations instead of the current paper based system and 93% of organisations would like to be able to file claims online.

Other ideas for simplification included changes to the current rules on auctions, sponsored events and donations through self-assessment tax returns.

If you need advice or guidance on the Gift Aid scheme, please contact us and arrange to speak to one of our charity tax specialists.

 

 

Date: 26th August, 2010
Author: Wendy Bambrick

SHARE THIS

Articles from this Author

Tweet

“Good luck to everyone who has also made it as a finalist, I look forward to awards evening later on in the year”-L… twitter.com/i/web/status/8…

Michael Lapham shortlisted in the Money Management Financial Planner Awards 2017 bit.ly/2fL8VXBtwitter.com/i/web/status/8…

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn