GASDS could raise an extra GBP 150 million » Charity Digital News

GASDS could raise an extra GBP 150 million

Small donations

Changes to GASDS set to bring in the money

George Osborne’s Autumn Statement released on Wednesday 5th December, announced that requirements for the Gift Aid small donations scheme (GASDS) would be less strict. The re-evaluated criteria outline how charities wishing to claim should have made Gift Aid declarations in at least two of the four previous tax years. Another essential measure is that charities must have claimed GBP 1 in Gift Aid for every GBP 10 they wish to reclaim under the GASDS.

The autumn statement predicts that by 2018, the scheme could have the potential to raise GBP 150 million every year. The scheme is anticipated to cost the government an additional GBP 10 million by 2013/14.

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