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Gift Aid Scheme An overview of the Gift Aid scheme What is Gift Aid? Gift Aid is a tax relief allowing UK charities to reclaim an extra 25% in tax on every eligible donation made by a UK taxpayer. This will make your gift go further for the charity you are supporting. When not to claim Gift Aid: You should [...]
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Did your charity review its internal financial controls? This is a question a Charity must answer Yes or No, when submitting its annual return and Accounts at the Charity commission annually. What does this mean? A charity must confirm whether or not it has reviewed its financial controls during the financial reporting period. Charities should ensure that they have appropriate [...]
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