Sun Jun 28 2020
The CAF, IoF, Charity Finance Group, Charity Tax Group and other NfP organisations are calling for a temporary rise in the rate of Gift Aid
In recent weeks, during the NfP Sector has called for help from the Government concerning Gift Aid; first to be allowed to keep it for refunded events, then to make the giving of Gift Aid automatic to help them through the coronavirus pandemic.
The CaF, the IoF, the Charity Finance Group, the Charity Tax Group and many other organisations from the Not For Profit sector are now calling for a temporary rise in the rate of Gift Aid with the aim to boost industry finances by £450m.
The group have asked the Government to increase the effective amount of Gift Aid that charities are eligible to claim from 25% to 33% for at least the next two years.
It’s hoped that this will help many charities combat the shortfall in donations that many have had to face in 20 20 due to COVID-19.
In their letter to the Government they pointed out the change to Gift Aid would likely be cost-neutral to public finance as so many fundraising events have been cancelled recently that the overall Gift Aid contributions would likely remain similar.
The move would be a straightforward, quick and tangible way to help charities at this most challenging time in their history
The cancelled fundraising events across the country mean that Gift Aid that would have been claimed has not been. We are confident that this move will help charities and, ultimately, will not cost government more than was projected in normal times.
Sun Jun 28 2020