01932 830 664

DocSafe



forgot password
×

Accounts Online

×

DocSafe



forgot password
×

Accounts Online

×

 Accounting News & Insights

Gift Aid declaration to be improved - potentially saving charities billions of pounds

11th December 2014

The Gift Aid model declaration form is to be improved, to stop charities potentially losing out on billions of pounds of Gift Aid.

The National Audit Office estimates there are donations of around £2.3 billion where Gift Aid is not used. Although not all of these donations will be eligible for Gift Aid, the government is working with charities to boost the number of eligible donations.

One way it hopes to do this is by improving the model Gift Aid declaration form, as research has identified that many donors do not understand Gift Aid and the link between the tax they have paid and Gift Aid claimed by the charity. Possible improvements include making the language used about Gift Aid more straightforward to enable donors to decide if their donations qualify for relief.

Exchequer Secretary to the Treasury, Priti Patel said:

‘Gift Aid is an important tax relief for charities which helps to provide essential revenue to charitable causes. This research shows that there is more that government can do to boost eligible donations which is why we are simplifying the declaration forms to make sure donors understand

 


Accounting News & Insights

CommentsComment

Gift Aid declaration to be improved - potentially saving charities billions of pounds

Your comments will be sent for approval prior to upload.


×