HMRC is consulting until 5 October 2016 on draft regulations to implement new measures allowing intermediaries, through digital giving platforms and text messages, a greater role in administering gift aid donations on behalf of individual donors, under the legislation introduced in Finance Act 20
HMRC is consulting until 5 October 2016 on draft regulations to implement new measures allowing intermediaries, through digital giving platforms and text messages, a greater role in administering gift aid donations on behalf of individual donors, under the legislation introduced in Finance Act 2015 and Finance Bill 2016. The regulations define the role and responsibilities of intermediaries and are expected to come into effect from 6 April 2017.
Although entirely voluntary, the new process is designed to make it easier for donors to give to multiple charities. Currently, donors must make a written or oral declaration each time they wish to make a gift aid donation to a new charity. Under the new rules, a donor will only have to complete a declaration once a year for each intermediary they use.
Intermediaries will be required to produce an annual statement of donations made during a tax year. This annual statement will be sent to donors who have donated to more than one charity and the total amount donated exceeds £5.
HMRC is consulting until 5 October 2016 on draft regulations to implement new measures allowing intermediaries, through digital giving platforms and text messages, a greater role in administering gift aid donations on behalf of individual donors, under the legislation introduced in Finance Act 20
HMRC is consulting until 5 October 2016 on draft regulations to implement new measures allowing intermediaries, through digital giving platforms and text messages, a greater role in administering gift aid donations on behalf of individual donors, under the legislation introduced in Finance Act 2015 and Finance Bill 2016. The regulations define the role and responsibilities of intermediaries and are expected to come into effect from 6 April 2017.
Although entirely voluntary, the new process is designed to make it easier for donors to give to multiple charities. Currently, donors must make a written or oral declaration each time they wish to make a gift aid donation to a new charity. Under the new rules, a donor will only have to complete a declaration once a year for each intermediary they use.
Intermediaries will be required to produce an annual statement of donations made during a tax year. This annual statement will be sent to donors who have donated to more than one charity and the total amount donated exceeds £5.
