Draft regulations for Gift Aid Small Donations Scheme under consultation

Finance | Vibeka Mair | 14 Sep 2012

Draft regulations under the Small Charitable Donations Bill have been published today for consultation.

The draft regulations set out the general legal framework for the Gift Aid Small Donations Scheme, which is due to be introduced from 6 April 2013.

The Small Donations Bill, scheduled to be implemented in England next year, will introduce a gift aid-like match-fund available for small donations (those of £20 or less) on an annual basis. The scheme differs from gift aid in that it is not a tax relief measure, and is governed by a different set of rules.

Up to £1,250 will be available for the first £5,000 of charities' small donations per annum, and HMRC estimates that the programme will unlock around £100m of funding annually for charities by 2015-16.

The Small Charitable Donations Bill has recently has its second reading in the Commons. During the debate, ministers from both sides of the party divide called for the Treasury to take on board concerns of the charity sector and simplify measures in the Small Donations Gift Aid Scheme bill or face the prospect of it creating excessive bureaucracy.

The HMRC consultation closes on 5 December.

Comments

[Cancel] | Reply to:

Name *

Email *

Organisation

Job Title

Comments *

Verification *

* Please read our Community Standards

Close »

Community Standards

The civilsociety.co.uk community and comments board is intended as a platform for informed and civilised debate.

We hope to encourage a broad range of views, however, there are standards that we expect commentators to uphold. We reserve the right to delete or amend any comments that do not adhere to these standards.

We welcome:

Robust but respectful debate
Strongly held opinions
Intelligent relevant discussion
The sharing of relevant experiences
New participants

We will not publish:

Rude, threatening, offensive, obscene or abusive language, or links to such material
Links to commercial organisations or spam postings. The comments board is not an advertising platform
The posting of contact details for yourself or others
Comments intended for malicious purpose or mindless abuse
Comments purporting to be from another person or organisation under false pretences
Gratuitous criticism, commentary or self-promotion
Any material which breaches copyright or privacy laws, or could be considered libellous
The use of the comments board for the pursuit or extension of personal disputes

Be aware:

Views expressed on the comments board are left at users’ discretion and are in no way views held or supported by Civil Society Media
Comments left by others may not be accurate, do not rely on them as fact
You may be misunderstood - sarcasm and humour can easily be taken out of context, try to be clear

Please:

Enjoy the opportunity to express your opinion and respect the right of others to express theirs
Confine your remarks to issues rather than personalities

Together we can keep our community a polite, respectful and intelligent platform for discussion.