New Gift Aid Scheme
Effective from 6th April 2000

There is a new method for charities to claim tax credit on donations. The main principle is that covenant giving will be replaced by a simplified Gift Aid Scheme.

The major features of the new scheme are:

Gift Aid / Covenant forms have been replaced by a Gift Aid declaration.

The major features of the new scheme are:

• There is no minimum contribution limit.
   
• Anyone who pays tax can use the scheme.
   
• A gift aid declaration can cover anything from a one-off payment to all future donations from that individual. This removes the need to amend the declaration if the level of giving changes.
   
• Records can be stored electronically with no need for paper copies.

Forms are available from Jason Bowman