1st January 2019

Easy Gift Aid claims

Improve your cash flow with these 3 easy steps

The Gift Aid scheme is well known in the charity sector and provides a welcome 25% boost to donation income. There is no limit to how often you can file your claim with HMRC so, if you have processes in place to be able to claim regularly, you can easily boost your income throughout the year in line with your donations.

1. Update your donor details

The key is to keep your records of donors and taxpayer declarations up-to-date. If these simple record keeping tasks are performed on an ongoing basis your Gift Aid claim, processed through Liberty Accounts, will do all the hard work of assessing which donors’ donations can be claimed against.

2. Keep your donations current

Keeping your donations up-to-date will allow you to file your Gift Aid claim including the very latest donations. In addition to Gift Aided donations use the ledger to enter your small cash collections to receive a Gift Aid top up with GASDS (Gift Aid Small Donations Scheme) or Community Buildings GASDS.

3. Claim regularly

Liberty Accounts makes it really easy to claim Gift Aid regularly and, having followed steps 1 and 2, submitting your claim monthly, or even more regularly, will be effortless. You can additionally use the ledger to set up your sponsored events and record sponsored income donations for each participant – your Gift Aid claim will be miles easier than a 100 mile bike ride!


1st May 2019

The right tool for the job

Charities face the same regulatory pressures as commercial organisations but, in addition, must also deal with complex sector-specific reporting requirements intended to demonstrate good stewardship to supporters and regulators alike.

1st January 2019

VAT Refund Scheme

HMRC has updated VAT Notice 1001 on the VAT Refund Scheme for qualifying charities.

1st April 2016

Dividend Allowance

From 6th April 2016 the Dividend Tax Credit will be replaced by a new, tax-free, Dividend Allowance. The new Dividend Allowance means that you won't have to pay tax on the first £5,000 of your dividend income.

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