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HMRC's temporary concession allowing Gift Aid to be claimed where refunds for cancelled charity events were waived has now been made permanent.
26 May 2021
In April 2020 HMRC introduced a temporary concession allowing Gift Aid to be claimed where refunds for cancelled charity events were waived.
HMRC has now confirmed that this will be a permanent change.
Previously, a refund would need to be issued to the donor and then donated back to the charity to fulfil the requirement of being a “payment of a sum of money” to allow Gift Aid to be claimed.
Under the new guidance, provided there is a record of a formal and irrevocable waiver of a refund or loan held by the charity, and all other Gift Aid requirements are met, HMRC will consider the amount as eligible for Gift Aid.
What is required in terms of a formal waiver will be dependent on the amounts being waived.
If you would like to discuss this further, please contact Verity Rowe.
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