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DONATED GOODS> Giftaid and foreign currency donations

Posted on 21 April 2004 at 8:35 am
Viewing 3 posts - 1 through 3 (of 3 total)
  • Anonymous
    21 April 2004 at 8:35 am #1382

    Date: Thu, 6 Dec 2001 17:22:28 -0000
    From: Mark Astarita

    Hi All,

    Not sure if anyone else got excited about the above when reported both in the Guardian and UK Fundraising. On closer inspection
    http://society.guardian.co.uk/futureforpublicservices/story/0,8150,608251,00
    .html does not seem to be quite accurate.

    The Inland Revenue website
    http://www.inlandrevenue.gov.uk/charities/euro-faq.htm seems to suggest we still need to get donors to sign up to claim giftaid. So collecting foreign coin in tins in Banks or other outlets etc won’t result in giftaid being
    able to be claimed, unless you can track the donor!

    The Guardian article certainly seemed a really exciting possibility but now having looked at the Inland Revenue site it does not feel likely to add up to much.

    Can anyone shed any light on this. I know a few big charities have tie ups with banks etc to collect currency as the new euro comes in. Guess we were all wondering if we were one step closer to breaking the link beween donor
    and donation for giftaid purpose. That was the implied suggestion in the article does anyone know if this was just miss-reporting or was Gordon Brown being slightly less generous than we might have been led to believe?

    Mark Astarita, Deputy Chief Executive: National Deaf Children’s Society
    15 Dufferin St, London, EC1Y 8UR. Tel 020 7490 8656 Fax 020 7251
    5020
    Registered Charity No: 1016532

    Do something remarkable Cycle China, Cycle Cuba, Cycle Costa Rica, Cycle India, Cycle Laos, Cycle Mexico or Trek China, Trek Cuba,Trek the Inca Trail or Trek the Rainforest on our amazing Amazon Adventure! Check it out… http://www.ndcs.org.uk

    Anonymous
    21 April 2004 at 8:49 am #5745

    Date: Fri, 7 Dec 2001 14:38:50 -0000
    From: Charles Bagnall

    I don’t like to dampen your enthusiasm Mark or call into question your
    undoubted expertise, but
    it must be an oversight on the part of the Guardian reporter, or perhaps the
    reporter
    might argue that you are putting an interpretation on his words he had not
    intended –
    otherwise it drives a freight train straight through the whole gift aid
    process
    I can’t see the Revenue making all these rules about capturing address and
    UK taxpayer status information and then saying ‘oh by the way, you can
    reclaim Gift Aid on a bunch of anonymous francs and punts, because we are
    all excited about the Euro.’

    Still, I can see it was a nice thought for a Friday

    Charles Bagnall
    Minerva Computer Systems
    http://www.minerva-computers.com
    Tel 01242 542311
    Mbl 07798 668209

    Anonymous
    21 April 2004 at 7:08 pm #5746

    Date: Fri, 7 Dec 2001 18:43:25 -0000
    From: Mark Astarita

    Seems the Guardian article was just over excitement on their part!

    Word from the IR is you still need an audit trail so much for Xmas Cheer
    from Gordon Brown ends up was just recycling very old news. In fact there
    was nothing new in the statement so why did he make it! This is what he
    said in the Commons.

    “For the first time Gift Aid provides a 28 per cent addition to every
    donation by taxpayers to recognised charities and this is now being widely
    used. Special end-of-year appeals to contribute foreign coins to charity
    can receive the 28 percent addition.”

    Oh well had some fun winding up the various government press offices.

    Mark
    Mark Astarita, Deputy Chief Executive: National Deaf Children’s Society
    > 15 Dufferin St, London, EC1Y 8UR. Tel 020 7490 8656 Fax 020 7251
    > 5020 email: [email]mark@ndcs.org.uk[/email] Registered Charity No: 1016532
    > Do something remarkable Cycle China, Cycle Cuba, Cycle Costa
    > Rica, Cycle India, Cycle Laos, Cycle Mexico or Trek China, Trek Cuba
    > ,Trek the Inca Trail or Trek the Rainforest on our amazing Amazon
    > Adventure! Check it out…

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