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A Guide to Gift Aid for Charities from The Access Group

Business management provider The Access Group have released an exclusive guide for charities offering a better understanding of Gift Aid, and how to make the most of it.

Gift Aid is a powerful tool for UK charities which provides an additional income that can help them fund their vital work.

What is Gift Aid?
Launched in 1990, Gift Aid is a tax relief scheme from the UK Government which allows charities to reclaim an extra 25% in tax on every eligible donation made by a taxpayer:

If a donor gave £100 to a charity and is a taxpayer in the UK, that charity can claim an extra £25 on that donation to make the total gift worth £125.

This makes Gift Aid a simple and effective way to increase the value of donations to a charity.

The idea behind Gift Aid is that people usually make donations from their income, which has already been taxed. So a charity could then take that donation and, if the donor had agreed to Gift Aid, could claim their basic rate of tax (20%) back from HM Revenue & Customs (HMRC).

Granted, 25p might not sound like a lot, but every donation adds up: It’s been reported that up until 2015, the scheme had generated around £60 Billion for charities, and the Sector has received an average of £1.4 Billion from Gift Aid donations every year
since.

However, charities are still missing out on nearly £600 Million in unclaimed Gift Aid every year, and that’s available money which charities could make the most of to mobilise their good cause.

Business management software provider The Access Group have released an exclusive guide for charities offering a better understanding of Gift Aid and how to make the most of it.

From explaining the Gift Aid scheme and details around eligibility, through to how a charity can claim Gift Aid and make the most of it, The Access Group suggest their guide will help charities understand the rules around the scheme and how to make the best of every penny donated.

To find out more and download this exclusive guide, visit The Access Group’s website.

MVA continues its efforts to provide coverage of local and national news and events from the Voluntary and Charity Sector.

If you would like to see coverage of specific news or subject to help your charity, your project, your community group or enterprise, you can get in touch by email at info@mva.org.uk, you can also contact MVA via the website.