WHAT CHANGES HAVE WE MADE?
Following the new HMRC regulations which came into effect on 6 April 2016, we’ve implemented new administrative, technical and process changes in order to comply. When we claim Gift Aid on your partnership’s behalf, it makes your donation tax-effective and increases the amount charities receive. We are committed to working with you to ensure that the charities you support continue to benefit from tax-effective donations.
Impact of technical and process changes - new partnership CAF Company Account number
As part of the technical and process changes we have made, we will need to close your existing partnership CAF Company Account and open up a new non-tax effective account (CAF Company Account for LLPs). This will help CAF manage Gift Aid appropriately.
Once we have received your list of participating partners, we will create the new account and start to close the old account. At this stage, please expect to receive a new account number and voucher book for your new CAF Company Account for LLPs.
You will not need to manage any transfer of existing contacts, standing orders or regular commitments; we will do this for you.
We will not close your old account until any outstanding transactions have been completed.