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News > April 2013
It’s All for Charity

It’s All for Charity

We have recently added a Charity Retail module to our standard WinRetail package.

This module, as its name implies, has been written with the needs of charity retailers in mind in particular, the requirement to integrate with Gift Aid, a scheme that can boost the actual amount given by donors by 25 percent.
Gift Aid enables charities to claim back the tax, from HMRC, that will have been paid by donors, on the amount given (they must be standard rate taxpayers).

However, this becomes a bit more complicated when it comes to charity shops, where most donations are in the form of goods such as: clothing, books, toys, etc., and whose values can only be realised when they’re sold. The new system records and keeps track of donated goods, where the donor has signed up for Gift Aid in effect, selling goods on their behalf. The money generated is then treated like any other cash donation, allowing the charity to claim an extra 25 percent from the tax man—result!


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