Over 50,000 charities have now signed up to Charities Online, making it faster and easier for them to secure Gift Aid on their donations.
The online system enables charities and Community Amateur Sports Clubs (CASCs) to claim their Gift Aid online. This is far more efficient than the previous system of posting paper forms to HM Revenue and Customs (HMRC). This has also reduced the time taken to process payments down from 29 days to just nine.
Currently, over 50,000 organisations out of a total of 70,000 claiming Gift Aid have registered online, and these charities have so far received over £380 million in Gift Aid repayments through Charities Online since launch in April 2013.
Nicky Morgan, Economic Secretary to the Treasury, said: “The government values the important work of charities in our society, and we want charities to maximise their donations. In 2013 charities and their donors received £4 billion in dedicated tax reliefs from the government.
“I am pleased that over 50,000 organisations have registered to use this service, which will speed up the rate that charities can access donations.”
Charities Online has been the only option for claiming Gift Aid since October 2013.
Our experts at Nicklin can provide expert advice on the new rules and any other aspect of Gift Aid. For more information, please contact us.