New HMRC Gift Aid declaration forms
Howard Lake | 31 October 2008 | News
Charity law specialists Bates Wells & Braithwaite have advised their clients that HMRC have amended their pro forma Gift Aid declarations. These now reflect the reduction in basic rate tax to 20p in the pound and transitional relief.
Stephen Lloyd wrote: “Charities may wish to update their gift aid declarations accordingly”. He added that: “It is always worth remembering that wrongly phrased gift aid declarations can be declared as invalid by HMRC and as a result you could be required to repay your gift aid claims back to HMRC!”
Existing donors do not need to sign the updated version. “Declarations that reflect the updated pro formas should only be necessary for donations not already covered by an existing valid gift aid declaration”, added Lloyd.
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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.