Increase to Gift Aid Small Donations limit approved by parliament
An increase to the limit on Gift Aid Small Donations, from £20 to £30, has been approved by parliament. This increase, as approved by the Eighth Delegated Legislation Committee in the House of Commons, will apply to individual donations at small collections from Saturday 6 April 2019 onwards, where arranging a Gift Aid declaration can feel impractical.
In the 2017-18 tax year, 24,000 charities claimed a total of £34 million via the Gift Aid Small Donations scheme.
Robert Jendrick, exchequer secretary to the Treasury, said: "We estimate that 20,000 organisations will benefit from greater top-up donations as a result of the draft order... It will make a small difference to those charities and to all those individuals who put money on a collection plate in their local church or give to a small charity on the high street."
The news comes nearly a year after the government warned that charities were missing out on £600 million due to Gift Aid not being declared on eligible donations.
If your VCSE organisation needs advice on fundraising, why not consider a bespoke training or consultancy session from Voscur on developing and maintaining a fundraising strategy? You may also be interested in an upcoming training course, Diversifying Your Income, to be held in Bristol on Tuesday 19 March 2019.