Small donations scheme rules published

Draft regulations relating to the Small Charitable Donations Bill have been published for consultation, along with a technical note explaining the effect of the new rules.

The aim is to allow qualifying charities and community amateur sports clubs to claim a top-up payment equivalent to gift aid on small cash donations.

The draft rules set out the general administrative framework for the gift aid small donations scheme, which is due to be introduced on 6 April 2013.

Most of the mooted regulations will apply the administrative provisions of the taxes acts that are used to administer gift aid claims.

Comments should be made via the HMRC site no later than 5 December.

Issue: 4371 / Categories: News , Income Tax