Download the Third Sector iPad edition

Gift Aid Small Donations Scheme could raise almost £150m a year by 2018, Treasury figures indicate

New estimates published in the Autumn Statement, revealed by George Osborne, follow the recent announcement that the government would soften the scheme's requirements

George Osborne
George Osborne

The Gift Aid Small Donations Scheme could raise almost £150m a year for the charity sector by 2018, figures published in the Autumn Statement say.

The GASDS, which will allow charities to claim a Gift Aid-like relief on up to £5,000 of cash donations a year without individual paperwork, is being introduced through the Small Charitable Donations Bill, which was sent to the House of Lords last week.

The government had estimated that it would raise £115m a year for the charity sector by 2016/17. But the government has since agreed to soften restrictions on the scheme.  

Figures published by the Treasury as part of today’s Autumn Statement say the scheme is expected to cost the government an extra £10m in 2013/14, rising to an additional £30m by 2017/18.

The softened criteria include requiring that charities wishing to claim under the scheme must have made successful Gift Aid declarations in two out of the previous four tax years, rather than three out of the previous seven, as was initially required.

And charities must have claimed £1 in Gift Aid for every £10 they want to claim under the GASDS, rather than £5 for every £10, as originally required.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Jobs

Forthcoming Events

NCVO/BWB Trustee Conference 2015

  • Mon 2 Nov 2015
  • London

Leadership in Campaigns

  • Tue 3 Nov 2015 - Wed 9 Dec 2015
  • London

High Impact 2015

  • Tue 17 Nov 2015
  • Ilec Conference Centre, London
RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners


Expert Hub

Advice on risk from a specialist insurer

Managing cyber risk in the third sector

Liam Greene of Markel explains why cyber risks should be high on the risk management agenda of third sector organisations as incidents hit the headlines with increasing frequency


Expert Hub

Fundraising advice from BT MyDonate

More pain, more gain

Do your fundraisers raise more by putting themselves through more?