Gift aid | ACCA Global
ACCA - The global body for professional accountants

A monthly round-up of the latest developments in financial reporting, audit, tax and law

This update was first published in the April 2012 UK edition of Accounting and Business magazine.

HMRC has updated its Gift Aid guidance and model declarations. It has also provided a checklist of the minimum information that must be included in a declaration. The checklist can be found at the link to the left. 

Minimum requirement for a Gift Aid declaration

  • Name of charity or community amateur sports club (CASC).
  • Amount of donation. 
  • Donor initials and surname. 
  • House name/number and postcode. 
  • Date. 
  • Statement or tick box confirming the amount should be treated as a Gift
  • Aid donation. 
  • Does declaration cover present/future/past donation(s). 
  • Does declaration include a confirmation that donor was given explanation that they must have paid enough income tax and/or capital gains tax to cover the amount that all charities and CASCs they donate to will reclaim for that tax year. Council tax and VAT do not count and the donor understands the charity will reclaim 25p of tax on every £1 that they have given (28p on every pound given for donations up to 5 April 2008).

Minimum requirement for sponsored events declarations

  • Name of charity or CASC.
  • Sponsor’s name as a minimum initial and last name.
  • Sponsor’s home address as a minimum the house number/name and postcode.
  • Amount collected.
  • Date collected.
  • A tick box to have the amount treated as a Gift Aid donation. 
  • Date when the sums collected were handed over to the charity/CASC. 
  • Does declaration include a confirmation that sponsor was given explanation that they must have paid enough income and/or capital gains tax to cover the amount that all charities and CASCs they donate to will reclaim for that tax year. Council Tax and VAT do not count and the sponsor understands the charity will reclaim 25p of tax on every £1 that they have given.

Glenn Collins, head of technical advisory, ACCA UK

Last updated: 8 Apr 2014