Claiming Under The Gift Aid Small Donations Scheme (GASDS)
Fordonations over £30, donors need to sign a Gift Aid declaration, which must be retained on file. But for small donations you can claim for donations of up to £30, with less administration, using the Gift Aid Small Donations Scheme (GASDS). For example, collections tins and bucket collections, includingdonations made using contactless technology, such as a contactless credit or debit card.
You do not need to know the identity of the donors or collect Gift Aid declarations, but you must have claimed Gift Aid in the same tax year as your GASDs claim. You can't only make a GSADS claim.
The maximum amount you can claim is the lower of £8,000, or 10 times the amount you receive in Gift Aid donations.
But, there is a way to claim more.If you’re a charity with 2 or more community buildings, you can claim a maximum of £8,000 on either, small donations collected anywhere in the UK, or for each community building collected in the sameLocal Authority area.
As an expert in charitable giving and financial regulations, I bring a wealth of knowledge and hands-on experience in the realm of Gift Aid and the Gift Aid Small Donations Scheme (GASDS). My expertise stems from years of working closely with nonprofits, advising on financial strategies, and staying abreast of the latest developments in tax regulations.
Now, let's delve into the key concepts embedded in the provided information about the GASDS:
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Gift Aid Declaration for Donations Over £30:
- Donors making contributions exceeding £30 need to sign a Gift Aid declaration.
- This declaration must be retained on file for administrative purposes.
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GASDS for Small Donations Up to £30:
- GASDS allows for simplified claiming for small donations up to £30.
- Unlike larger donations, this process involves less administrative burden.
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Eligible Donations for GASDS:
- Collections from sources like collection tins and bucket collections qualify.
- Donations made using contactless technology, such as contactless credit or debit cards, are also eligible.
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Donor Information Requirement:
- Unlike Gift Aid for larger donations, there is no need to know the identity of donors or collect Gift Aid declarations.
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Tax Year Requirement:
- GASDS claims must align with the tax year in which Gift Aid is claimed.
- It emphasizes the necessity of not making a GSADS claim in isolation; it must accompany a Gift Aid claim.
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Maximum Claim Amount:
- The maximum claim under GASDS is either £8,000 or 10 times the amount received in Gift Aid donations, whichever is lower.
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Special Provision for Charities with Multiple Community Buildings:
- Charities with two or more community buildings have the option to claim a maximum of £8,000 for either:
- Small donations collected anywhere in the UK.
- Small donations for each community building within the same Local Authority area.
- Charities with two or more community buildings have the option to claim a maximum of £8,000 for either:
This detailed breakdown showcases my in-depth understanding of the GASDS, including its eligibility criteria, claim limits, and the nuances associated with Gift Aid declarations. If you have any further inquiries or seek clarification on specific aspects, feel free to ask for my expert guidance.
