The Inland Revenue has pointed out that a Gift Aid tax declaration can be made after a gift has been made to a charity raising money for victims of the Indian Ocean tsunami disaster, but said it cannot apply the tax relief in cases where no declaration is made.
The Times reported today that charities are missing millions of pounds in tax relief on donations because many donors are omitting to tick the box for Gift Aid when they give to the various appeals.
The paper quoted the British Red Cross as saying that half of donors had not ticked the Gift Aid box on their donations. "We are missing out on much needed income," a spokesman said.
However, the Revenue has pointed out that Gift Aid can apply retrospectively. A spokesman has told TaxZone that this was something "easily arranged" between do...