This also extends to activities where the donor can't be traced such as giving to collections. To ensure we can claim the money back, it's crucial that all the information asked for on the declaration is provided. Home Donate Gift Aid explained Gift Aid explained Gift Aid is one of the simplest and most effective ways of giving to charity.
Gift Aid on your donated items at our charity shops You can opt in to a separate Gift Aid scheme when you donate items to our charity shops too. PDF KB. Gift Aid Declaration forms should include the following: The name of our charity which our form includes.
The full name and home address of the person making the donation, including their postcode. If you are a UK taxpayer, you can donate through the Gift Aid scheme, and may be eligible for tax relief. Provided you make a Gift Aid Declaration, this happens automatically. If you pay income tax at the basic rate, there is no further tax relief available to you.
If you are on a higher or additional rate you can claim further tax relief. This works by extending your basic and higher rate bands by the gross donation. The example uses the tax rates for England and Wales; different tax bands apply in Scotland. If your total tax liability in the tax year is less than the amount of tax the charity reclaims on your gift, you may have additional income tax to pay.
Legacies left to charity from your will are entirely exempt from inheritance tax. What is Gift Aid? Are my donations eligible for Gift Aid? The amount of tax you pay needs to be at least equal to the value of Gift Aid the charity or CASC will claim on your donation s. Frequently asked questions about Gift Aid. Can Gift Aid be claimed on money raised from fundraising events? This includes amounts raised through fundraising eg a bake sale.
Can Gift Aid be claimed for higher rate tax payers? Do you pay tax above the basic rate? If so, you can claim the difference between the rate you pay and the basic rate on your donations. The same applies if you live in Scotland.
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