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Changes to Gift Aid - benefit limits

10th July 2018

Changes to Gift Aid - benefit limits

Following a recent consultation with taxpayers, HMRC has announced changes that will be made to the limits that value benefits given by a charity in return for a donation received. The existing three-tier thresholds will be replaced by two new thresholds operating on a cumulative basis. This will allow charities to offer benefits worth up to 25% on the first £100 of a donation, plus 5% of any additional amount donated, up to a maximum benefit value of £2,500.

Draft legislation has been published for Finance Bill 2019 and the changes will come into effect from 6 April 2019.

For more information or if you have any questions regarding gift aid, please speak to your usual haysmacintyre contact, or Louise VeragooNot for Profit director.