Bank Gift Aid donations today!
Howard Lake | 1 April 2008 | Blogs
Got any donations that qualify for Gift Aid still sitting in the in-tray? Did you get any cheques this morning? Bank them today! You need to make sure they are cashed before the new lower rate tax change comes into effect from 6 April and the new transitional rate system for Gift Aid takes effect.
If you leave it until tomorrow to bank them, the three-day clearing cycle might take them beyond Friday and into the new lower rate Gift Aid period.
Yes, you will get the transitional relief from HMRC announced in the recent Budget, but by acting now your donations will qualify for the current Gift Aid system.
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.