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Changes to the Gift Aid Small DonationsScheme

1 Mar 2016

1 minute read

The Gift Aid Small Donations Scheme (GASDS) allows charities and Community Amateur Sports Clubs (CASCs) to claim a top-up payment equal to the 20% basic rate of income tax on small donation income where it would be difficult to obtain a Gift Aid declaration from the donor – for example street collections.

It operates separately to the Gift Aid scheme and applies to small cash-only donations of £20 or less.

The maximum annual donation amount which can be claimed through the GASDS is set to rise from £5,000 to £8,000 from 6 April 2016. First announced in the March 2015 Budget, the change effectively means that charities and CASCs will be able to claim Gift Aid style top-up payments of up to £2,000 a year.

The Government expects around 6,500 charities to benefit from the increased limit.

To make a claim under the GASDS, the charity or CASC must have existed for at least two complete tax years and have made a Gift Aid claim in at least two of the last four tax years, with no more than two years’ gap between claims. Additionally, the organisation must not have incurred a penalty on a Gift Aid or GASDS claim in this or the previous tax year.

For more information on tax-efficient charitable giving, please contact us on 01865 292200 or emailcontactus@shawgibbs.com.

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