This article was first published in the Western Morning News Annual Business Guide Amongst all of those involved, there is little doubt that the last few…
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.