Published on Finance Division (https://www.finance.admin.cam.ac.uk)

Home > Policy & Procedures > Financial Procedures > Chapter 9 - VAT and Other Taxes > Gift Aid on Donations

Gift Aid on Donations

Gift Aid is a procedure where the University can reclaim from HM Revenue & Customs the basic rate of income tax on a donation given to the University by an individual. Currently the University is able to increase the value of the donation by 25%.

All Gift Aid reclaims for the University are made by The Development Office (CUDO).

For details on how Gift Aid works and the procedures to follow please refer to: Chapter 14, Financial Procedures Manual Accounting for Donations & Grant Income [1]

Source URL:https://www.finance.admin.cam.ac.uk/policy-and-procedures/financial-procedures/chapter-9-vat-and-other-taxes/gift-aid-donations

Links
[1] https://www.finance.admin.cam.ac.uk/policy-and-procedures/financial-procedures/chapter-14-accounting-donations-and-grants