Over 50,000 charities have signed up to Charities Online, which makes it quicker and easier for charities to receive the Gift Aid on their donations.
The online system means that charities and Community Amateur Sports Clubs (CASCs) can claim their Gift Aid online, which is much more efficient than the previous system of posting paper forms to HM Revenue and Customs (HMRC). This has reduced the time taken to process payments from 29 days to nine.
Currently, over 50,000 organisations out of 70,000 that claim Gift Aid have registered online, and these charities have so far received over £380 million in Gift Aid repayments through Charities Online since the system was launched in April last year.
Caroline Taylor, Director of Finance at the street children charity Toybox, said: “We estimate that Charities Online has reduced the time it takes us to process these repayments by around 25%. The repayments for our online submissions have been paid into our bank account between four and seven days after submitting the claim online. Our experience of processing Gift Aid claims through HMRC Online has been very positive.”
Charities Online has been the only option for claiming Gift Aid since October last year.
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