## The problem
Many small clubs and charities miss out on valuable funding because they are unaware of the Gift Aid Small Donations Scheme (GASDS). This scheme allows organisations to claim back a top-up on small cash donations without needing individual declarations from each donor. However, without proper understanding and records, these funds can remain unclaimed.
## How it works
The GASDS enables clubs and charities to claim an extra 25 pence for every eligible pound donated in cash, up to a certain limit. This means that for every £1 you receive in small donations, you can claim an additional 25p from HMRC. The scheme is particularly beneficial for organisations that collect cash donations, such as those from collecting tins or bucket collections.
To qualify for GASDS, your organisation must be registered with HMRC and have made a Gift Aid claim in the previous two years. It's important to keep accurate records of all donations and ensure that your organisation meets the eligibility criteria set by HMRC.
## Getting started
To start benefiting from GASDS, first ensure your organisation is registered with HMRC for Gift Aid. Next, keep a record of all cash donations, noting the amounts and dates. When you’re ready to make a claim, you can use Vasker to help you build your claim efficiently. The Gift Aid gap calculator can also assist you in estimating how much you might be missing out on.
By taking these steps, your club or charity can begin to recover funds that would otherwise go unclaimed. If you’re ready to explore how much you could recover through GASDS, consider trying the Gift Aid gap calculator at Vasker.
Content generated via TTTAI