Government to Reduce Charity Gift Aid Confusion
The model Gift Aid declaration form is set to undergo an expansive improvement in the coming months thanks to the Government’s commitment to stop charities, especially small charities who are more likely to use the form, from losing out on billions of pounds worth of Gift Aid.
The National Audit Office (NAO) estimates that Gift Aid wasn’t used in donations worth approx. £2.3 billion. Though the NAO recognise that not all of these donations would have been eligible for Gift Aid, it’s a fair assumption that a vast number of them would have been.
Speaking on the issue, 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 when they’re eligible so that charities can maximise the financial donations they receive.
