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| Lack
of knowledge hindering Gift Aid take-up |
31/03/08 |
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Low awareness of how Gift Aid actually works and a lack of
knowledge of how to administer it are two of the key barriers
to Gift Aid take-up, according to a new report.
Jointly published by HMRC and the Charities Aid Foundation
Key Barriers to the Adoption of Gift Aid was undertaken with
a view to improving Gift Aid take-up, particularly relevant
after 2011 when the reduction in the basic rate of tax will
start hitting Gift Aid on donations.
According to Richard Harrison, CAF’s director of research,
the study found that there were a number of barriers which
can prevent charities from claiming, or fully utilising, the
tax benefit. “These begin with the simple issue of low
awareness of how Gift Aid works and knowledge of how to administer
it,” he said. “For smaller charities a lack of
dedicated resource is a serious issue making it hard for them
to provide HMRC with a named contact to deal with Gift Aid.
In addition, charities are often over-regulating themselves
for fear of getting the rules wrong.”
Financial secretary to the Treasury, Jane Kennedy MP, said:
“The research complements many of the measures announced
in the Budget to promote uptake of Gift Aid, including improvements
to auditing, work to bring more smaller charities into Gift
Aid, and the launch of new targeted guidance and marketing
tools.”
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