Most members should be aware of the change in legislation regarding the claiming of Gift Aid on admissions
Tourism South East recently undertook a survey to assess the impact of the changes on our sector, published as
Measuring the impact of the changing Gift Aid rules on charitable attractions
Its findings are of interest to all museums and galleries who charge for admission, and will particularly assist those who are contemplating claiming Gift Aid, but have been unsure whether to go ahead or not
The full report may be downloaded by clicking here.
(Changes to legislation in 2000 created a new income stream for some charitable attractions (charities which charge visitors to view their works), allowing them to effectively reclassify admissions revenue as donations and claim Gift Aid worth 28.2p for every £1 spent . In his pre-budget speech in 2003, the Chancellor made clear his intention to close the “loophole” , stating that a reclassification of admissions income as Gift Aid donations was not in keeping with the spirit of the legislation . Following extensive lobbying and negotiation by the sector, the new rules, which took effect in April 2006, provided two potential routes which would allow charitable attractions to continue to claim Gift Aid. Twelve months on, this report assesses the impact of the changes, considering first the financial and operational implications of the rules introduced in 2000 and the costs and benefits of compliance following the 2006 ruling.)
Tourism South East recently undertook a survey to assess the impact of the changes on our sector, published as
Measuring the impact of the changing Gift Aid rules on charitable attractions
Its findings are of interest to all museums and galleries who charge for admission, and will particularly assist those who are contemplating claiming Gift Aid, but have been unsure whether to go ahead or not
The full report may be downloaded by clicking here.
(Changes to legislation in 2000 created a new income stream for some charitable attractions (charities which charge visitors to view their works), allowing them to effectively reclassify admissions revenue as donations and claim Gift Aid worth 28.2p for every £1 spent . In his pre-budget speech in 2003, the Chancellor made clear his intention to close the “loophole” , stating that a reclassification of admissions income as Gift Aid donations was not in keeping with the spirit of the legislation . Following extensive lobbying and negotiation by the sector, the new rules, which took effect in April 2006, provided two potential routes which would allow charitable attractions to continue to claim Gift Aid. Twelve months on, this report assesses the impact of the changes, considering first the financial and operational implications of the rules introduced in 2000 and the costs and benefits of compliance following the 2006 ruling.)
