LCVS, 151 Dale Street, Liverpool L2 2AH Thursday 9 April 2020, 10am-1pm
HMRC's Gift Aid, Free Advice Presentation
Gift Aid can be claimed on donations of money made by an individual UK income taxpayer. It’s an easy way to help your charity or community amateur sports club (CASC) maximise the value of donations.
You can claim back 25p every time an individual donates £1 to your charity or community amateur sports club (CASC). This is called Gift Aid.
You must be recognised as a charity or CASC for tax purposes.
There are rules on which donations you can claim Gift Aid on.
To claim Gift Aid, you must be recognised by HM Revenue & Customs (HMRC) as a charity or CASC and you’ll need to ask donors to make a Gift Aid declaration.
In certain circumstances, some payments made to charities which are not strictly gifts, like membership subscription paid to a charity, may be treated as donations for Gift Aid purposes.
If any donor or person connected to the donor benefits significantly from their donation, it doesn’t qualify for Gift Aid.
You can claim Gift Aid online - you should get your payment within 5 weeks
Gift Aid Small Donations Scheme (GASDS)
Charities and Community Amateur Sports Clubs (CASCs) receiving small cash or contactless donations can apply for a Gift Aid style repayment without needing to obtain Gift Aid declarations
GASDS is a public spending initiative (and not a repayment of tax) giving Charities and CASCs a top-up payment on donations they receive
The total amount of small donations is currently capped at £8,000 per tax year and the top-up repayment to £2,000
A Charity or CASC must make a claim for top-up payments within two years of the end of the tax year in which the donation is received.
151 Dale Street
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