Over the last couple of years we have all been on a journey into the unknown and now we feel like we might have arrived, but…
It has been confirmed that an increase in the charities’ small donation limit from £20 to £30 will apply to gifts made on or after 6 April.
The proposal was initially announced in last November’s Budget and applies to small donations where it is impractical to obtain a Gift Aid declaration.
Robert Jenrick, exchequer secretary to the Treasury, commented: “Some 80 per cent of the organisations that currently participate in the scheme claim well below the £8,000 overall limit that we have set in the past, so we estimate that 20,000 organisations will benefit from greater top-up donations as a result of the draft order.
“The draft order’s change to the donation limit will benefit the good causes to which the donations have been pledged. I commend it to the committee.”
The overall £8,000 limit that charities can claim without declaration will remain unchanged.