Share

Charities may get extra year to claim gift aid small donations

Charities may get extra year to claim gift aid small donations
News

Charities may get extra year to claim gift aid small donations

Fundraising | Celina Ribeiro | 18 Feb 2013

Parliament is to consider changes to the gift aid small donations scheme regulations which will double the amount of time charities have to claim on small cash donations.

Draft regulations were laid before Parliament at the end of last week which will mean that charities can claim GASDS on donations made up to two years previous, as opposed to the one year in the previous regulations.

This will mean that charities collecting small cash donations for the 2013/14 financial year will have until 2015/16 to claim on those donations, as opposed to the previous rules which would mean organisations would have to make that GASDS claim in 2014/15.

Treasury ministers decided to extend the claim period after considering feedback during a consultation period held last spring.

The draft regulation now states: “No top-up claim may be made more than two years after the end of the tax year to which the claim relates.” The regulation will need parliamentary approval before it comes into effect.

This two-year claim timeframe is still significantly less than the claim period for gift aid, which is four years.

The gift aid small donations scheme was announced last year and will come into effect on 6 April. It enables charities to claim a gift aid-like rebate on cash donations of less than £20 up to a value of £5,000 per year. Some commentators, however, have been critical of the scheme, claiming it is too complex and does not support the small charities it intended to benefit. 

 

civilsociety.co.uk
 
 
 
 
 

Want access to all civilsociety.co.uk content?

Subscribers gain access to all expert advice, analysis, surveys, special reports and the full archive of content from as little as £43.20 per year. Find out more...

Comments

[Cancel] | Reply to:

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.

Free eNews

Man admits stealing £300,000 from collections for Help for Heroes

29 Jul 2014

A man has admitted pocketing £300,000 donated by members of the public who believed it would go to Help...

Up to 144 jobs could go at Royal Voluntary Service as part of restructure

29 Jul 2014

Royal Voluntary Service is planning to make up to 144 redundancies in both its operations and support...

Children's charities call for an end to 'price-driven competition' in public service provision

28 Jul 2014

A coalition of 29 children’s charities and trade unions including Barnardo's and Action for Children...

Commission investigates charity over concerns it was used for private benefit

29 Jul 2014

The Charity Commission has opened a statutory inquiry into grant-giver the Catalyst Trust over concerns...

PTA-UK: Big Society Network chief was confident of funding

28 Jul 2014

PTA-UK has revealed that it turned down an invitation from Big Society Network to be a partner in its...

Big Society Network chair’s company gave £64k to Conservative Party

28 Jul 2014

A company owned by the chair of Big Society Network donated services totalling more than £54,000 to the...

Online donations forms are too long and cost charities donations, finds report

28 Jul 2014

One third of leading charity websites require potential donors to complete more than 20 actions before...

Greenpeace video removed from YouTube following copyright claim

14 Jul 2014

A campaign video by Greenpeace against Lego’s relationship with Shell has been subject to a copyright...

Oxfam advert removed after appearing before extremist videos

10 Jul 2014

Oxfam has removed one of its adverts from YouTube after it was shown on channels showing content from...

Join the discussion

Twitter button

@CSFundraising