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Are you making the most of Gift Aid?

Date: 26th August, 2010   |   Author: Wendy Bambrick   |   Comments: 0

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.

 

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