15 August 2019Are you missing out on Gift Aid donations?
Museums and Historic Houses could be missing out on potential gift aid donations
Choose a visitor management solution which easily integrates with Gift Aid like VenposCloud
Gift Aid is a tax relief that generates over £1.3bn in additional income for the UK charity sector each year, with a further £560m unclaimed each year. Many Museums and Historic Houses operate as charitable trusts and could be missing out on potential gift aid donations by not using the right Visitor Management Solution. Gift Aid is one of the most important tax benefits available to the museum and heritage sector and is a vital way of maximising the value of individual donations of all sizes.
Our Visitor Management Solution, VenposCloud, increases the take up of charitable donations by simplifying and speeding up the process at the point of sale. By using integrated address look up software, the visitor attraction can confirm the donor’s name and address by simply typing in the post code.
Reconciliation is easy too: simply run a standard report to provide all the information necessary for your submission to HMRC. No more manual reporting and reconciliation!
Certain restrictions apply, but the relief can be claimed on cash payments including admission fees, subscriptions, one-off appeals, sponsorship and monetary gifts. The scheme brings in over £1.3bn additional income every year to charities in the UK. Many visitor attractions offer the option to add Gift Aid to the price of a ticket. This is very popular because it is a simple way to facilitate Gift Aid.
With VenposCloud you can easily integrate Gift Aid donations into your daily business operations. You don’t need to fill in lengthy forms or have a separate process, VenposCloud unifies ticketing, memberships, event management, retail, hospitality and gift aid into one user-friendly platform. Our functionality and ease of use make our software a great asset for Museums and Historic Houses. If you would like to learn more about VenposCloud, please contact the team today.