Public urged to tick the gift aid box
The government is reminding the public to tick the gift aid boxes on donations so that charities don’t miss out on £600m extra funding.
The call comes after research, published by HMRC, shows that a third of eligible donations made to many of the UK’s 200,000 charities did not add Gift Aid when they could have done. This means that charities are losing out on extra funding worth nearly £600 million a year.
Gift Aid allows charities to claim an extra 25p for every £1 donated. To add Gift Aid, donors must have paid income or capital gains tax that year worth at least the value of the Gift Aid being added and they must give the charity permission to claim it. Read more about this story here.