Charities Online
Do you help to run a charity or community amateur sports club (CASC)? If you do, you should check out the new service offered by HMRC called Charities Online. This allows the charity or club to submit claims electronically to claim back tax in respect of Gift Aid donations received.
The old system for reclaiming tax required a paper form (R68), which took HMRC at least 30 working days to process. The new online claims will be processed in 15 working days, so your charity will get the money faster. To allow charities time to switch over to the new system, the old forms will be accepted by HMRC until 30 September 2013.
The process for reporting donations has been simplified as well. For example individual donations of £20 or less can be aggregated up to a total of £1,000, and the sponsors of individuals taking part in sponsored events don’t have to be listed separately unless one donor gives £500 or more.
We can be authorised to submit online claims on behalf of your charity or club, so ask us how we can help.