A coalition of leading voices in UK charities has called on the Government to temporarily increase the level of Gift Aid that can be claimed on donations.
The move to boost the Gift Aid charities receive from eligible donations comes as charities of all sizes face a crisis to their income caused by the COVID-19 pandemic. The latest sector research shows that charities are on average having to plan for a 24 per cent loss to their total income for the year ahead.
The change would mean that a £100 donation from a UK taxpayer would increase to £133.33 for the charity once Gift Aid had been claimed. This compares to £125 as is currently the case. As a result, the Gift Aid claimed on every eligible donation would increase by one-third, up from the current one-quarter.
The coalition is being led by Charities Aid Foundation (CAF), Institute of Fundraising (IoF), The Charity Finance Group, The Charity Tax Group and NCVO. The group has called for the increase to be in place for two years while charities work to recover from the crisis. The coalition estimates that this move could help charities to access an additional £450 million of much needed cash. It also includes changes to the Gift Aid Small Donations Scheme to ensure it benefits all. Read the full details here.
The campaign has been gathering pace since its launch in mid-July and charities of all sizes across the country have been adding their names and voices to the campaign. If you would like to add your charity's name to the supporter list, please email email@example.com
A full list of supporters is available to view on the NeverMoreNeeded website.