Retail Gift Aid - how charity shops and trading activities can use Gift Aid

Gift Aid specialist Barry Gower, MD of GAIN, presents practical, informed advice for charities with charity shops on how they can make the most of Gift Aid to boost their income.

Surprising as it may seem, charity shops are not shops in the generally accepted meaning of the word. They are convertors of (donated) goods into cash. 

As a result there are many benefits and charity shops enjoy exemption from - corporation tax, zero rated VAT on the sale of donated goods, and 80% mandatory non-domestic business rates relief.

This course will deal with the objectives of HMRC in ensuring that this function of fundraising is in line with their requirements for Gift Aid. It should be noted that the nature of charity shops is such that other elements of trading such as sale of new goods, rental of premises and employment of staff involve other tax requirements, specifically, but not limited to VAT. This course will not deal with VAT implications and you are advised to take specialist advice in this regard. 

This course will cover

• Background to charity shops. A closer look at what a charity shop is

• Converting donated goods to cash

• How it works - original method and revised methods

• Gift Aid requirements - compliance, submission via PoS or other software, communication requirements, annual limits, and more

At the end of this course you and your charity will be confident of following the requirements of Retail Gift Aid as required by HMRC.

Terms

Where we use external trainers we shall provide them with your name, organisation and job title to enable them to tailor the course and manage attendance.

Cancellations and refunds

If we have to cancel this event then Fundraising UK Ltd will fully refund the ticket fee you have paid. We shall not, however, be liable for any other costs you might incur.

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