I was pleased to read about the Gift Aid Small Donations Scheme. This scheme allows charities and Community Amateur Sports Clubs (CASCs) to claim a Gift Aid style top-up payment of up to £1,250 on small cash donations – those of less than £20 – they receive in the UK each year without a Gift Aid declaration from the donor. Gift aid is a valuable tool that charities can use to increase revenue, but it is often hampered by the need for every donor to complete a form. The GASDS scheme does not require this.
In order to take advantage of this, your charity or CASC must:
- be recognised by HMRC as a charity for tax purposes or be registered with HMRC as a CASC
- have existed for at least two complete tax years (6 April – 5 April)
- have made successful Gift Aid claims in two of the last four tax years, and at least every other year
Only small cash donations received on or after 6 April 2013 can qualify under the scheme.
This is a very useful scheme, and I urge all charities and Community Amateur Sports Clubs in North-East Hertfordshire to take up this offer. More information can be found on HMRC’s helpsheet on the subject. http://www.hmrc.gov.uk/charities/gads-helpsheet.pdf