Charities are likely to have two years instead of one to claim relief under the Gift Aid Small Donations Scheme, according to new draft regulations laid before the House of Commons last week.
The Gift Aid Small Donations Scheme is introduced in the Small Charitable Donations Act, which received royal assent in January. It will allow charities to claim a Gift Aid-like benefit on up to £5,000 of donations a year without individual paperwork. The scheme starts in the tax year 2013/14.
The new draft regulations say: "No top-up claim may be made more than two years after the end of the tax year to which the claim relates". Previous draft regulations published for consultation last year said that charities would have one year to claim relief under the scheme.
A spokesman for HM Revenue & Customs said: "Following feedback during the consultation, ministers decided to extend the claim period to two years after the end of the tax year in which the donation was received."
The regulations are currently still in draft form. They will not come into force until they receive parliamentary approval.