Gift Aid helps raise more than £60bn since 1990 – CAF
Gift Aid has helped generate more than £60bn in the 25 years since the policy was introduced, according to new figures from the Charities Aid Foundation.
CAF’s analysis shows the £60bn includes more than £12.3bn in tax relief. Charities will claim an estimated £1.2bn in tax relief through the scheme this year alone, CAF said, representing around 6 per cent of the voluntary income received by the sector.
Gift Aid enables charities and Community Amateur Sports Clubs to reclaim the basic rate of tax on donations from UK taxpayers at no extra cost to the donor, increasing the value of gifts to charities by 25p in the pound.