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Gift Aid – Retrospective Qualifying Period

Posted on 18 October 2008 at 9:25 am
Viewing 4 posts - 1 through 4 (of 4 total)
  • 18 October 2008 at 9:25 am #3228

    We often find from our clients that one of the most confusing aspects of Gift Aid is when does the Gift Aid 6 year period lapse in any one year. The Retrospective Qualifying Period (RQP)

    Often charities are confused on their status for tax purposes between being a Trust of Company. Your entry on the Charity Commission site or a quick call to HMRC will determine your charity’s tax status.

    However if you would like to know exactly what your RQP is we have a simple free easy to use reckoner that works this out for you.

    To access it you will need to register on the website but beyond that you have free access to the reckoner

    If you would like any more help on this please don’t hesitate to contact us.

    Kind regards

    21 October 2008 at 8:32 am #10747

    Hi Phil

    Just wanted to say thanks for creating this tool on your web site, recently registered and this new feature on your site will be so helpful for not just our charity but im sure for many others.

    Keep up the great work you and your team do.

    Kind Regards JB

    21 October 2008 at 8:38 am #10748

    Hi again Phil,

    I was just thinking about how our charity currently claims and wandered if you could answer me something.

    Our charity database is bespoke and doesnt have rules built in, so how can we be sure we dont claim outside the correct qualifying period, also if we have what would happen??????

    Please help, many thanks.

    21 October 2008 at 11:45 am #10749

    I think most off the shelf databases have found a way to address this issue James but as you say you are on a bespoke system that will probably not have thought about this issue when the charity decided on this route in.

    You do need to go back to your supplier and ask them to add this feature. You also need to ask them to consider future years too – not just at the point of adding the donation but also when adding Gift Aid declaration information.

    A system that relies on human input to know what to claim or not claim will result in errors. Erros unfortunately lead to penalities.

    Thank you for your comments James



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