# GAIN to help charities secure Gift Aid on auctions

- Link: https://fundraising.co.uk/2005/06/14/gain-help-charities-secure-gift-aid-auctions/
- Published: 2005-06-14T23:00:00+01:00
- Author: Howard Lake

Normally the rules of Gift Aid do not allow income from auctions to qualify, but
Gift Aid recovery specialists GAIN have established an Inland Revenue-approved method
of claiming Gift Aid on auctions.
GAIN, the Gift Aid Recovery and Consultancy arm
of ChariTax Limited, has negotiated a special arrangement with Inland Revenue whereby
a charity can benefit from Gift Aid at an auction. Of course, for Inland Revenue
to allow this payment they need to be sure that the operation stays within the rules
of Gift Aid. So GAIN is promoting its services to help charities achieve this.

 

 

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“We can guarantee complete compliance with the procedures and regulations as agreed
with Inland Revenue as well as maintaining a complete record of all stages of the
transaction” said GAIN’s Barry Gower. “Because of our relationship with Inland Revenue
we have been able to structure this arrangement to achieve the dual objectives of
compliance with Inland Revenue requirements and removal of hassle for the donors.”

 

 

 

 

 

 

Charities who wish GAIN to recover Gift Aid on auctions sign a contract with GAIN
appointing it as the Gift Aid co-ordinator for the fundraising event. The company
then works with the charity’s event organisers to ensure that the event is managed
and run in a manner which ensures that the maximum Gift Aid is collected on the 
auction.

 

 

 

 

 

 

Their services include the provision of the Gift Aid declaration in the correct 
format, recording and collection of this completed document from the supporters,
liaison with the auctioneer/MC to ensure that the auction is conducted according
to Inland Revenue requirements and that appropriate announcements are made to the
bidders, and provision of a statement of account or invoice (Auction Sale Confirmation)
to the bidder detailing his/her bid.

 

 

 

 

 

 

GAIN acts as the nominee for processing the Gift Aid claim, so it will handle the
submission and acceptance of the R68 and R68(2000) forms.

 

 

 

 

 

 

The company only charges on a success or no-win no-fee basis: where it has secured
Gift Aid income it charges 25% of the additional Gift Aid recovered, which equates
to 5.5% of the total gross donation. There is also a fixed setup charge of £150.00,
which is independent of the Gift Aid recovered.

 

 

 

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