What is Gift Aid?

What is Gift Aid?

7 October 2019

Have you ever wondered what Gift Aid actually is?

You may have heard the term Gift Aid, or been asked if you want to Gift Aid your sale when going to a Museum.

The definition of Gift Aid is a scheme that enables registered charities to reclaim tax on a donation made by a UK tax payer. So if you are a UK tax payer you are able to Gift Aid your sale when entering the attraction. This will enable the charity the option to reclaim the tax, as long as they have the relevant information.

How can our EPOS software help with Gift Aid?

Our EPOS software will enable the staff to make sure they have the correct information ready for submission to the HMRC.

When setting up the EPOS system, products that can be Gift Aid simply need to be flagged in the software so that a prompt comes up for the information. This will include details such as the name and home address. With our postcode lookup feature, the EPOS software will ensure that these details are always accurate, ready for submission.

Find out more about our Gift Aid Integration or contact us here.

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