What is gift aid?
Gift Aid is the UK government’s program to encourage gifts to charities. Inland Revenue rebates to the School the basic rate (22%) of tax the donor has already paid on his/her gift, provided the donor signs a Gift Aid Declaration and pays enough UK income tax and/or capital gains tax to cover the amount of tax the School will reclaim. In addition, the donor who pays UK tax at 40% receives a UK tax deduction. So, in effect, any UK taxpayer making a donation to the School can see his/her donation increase by 28% by signing a Gift Aid Declaration.
In April 2000, the government introduced the Gift Aid scheme so charities could claim back the tax that has already been paid on donations received from individuals. So, if you are a UK taxpayer, your donations could be worth almost one third more, no extra cost to you. For example, on a gift of £20, roughly £5 can be claimed back by us, making the gift worth £25. While your actual donation will go directly towards the project you choose to support; the gift aid will go wherever the need is greatest across our work with disabled people. You must be a UK taxpayer and pay income or capital gains tax that is equal or greater to the amount of tax the charity reclaims in the tax year. If you have any questions at all about Gift Aid and how it works, or would like to know how you can Gift Aid your donations, please contact us at , or .
UK tax payers can claim the tax back on any donation they make. This is called Gift Aid, and it adds an extra 28% to the donation and therefore a lot of wonderful extra money for the cause. Just by ticking the Gift Aid box a donation of £10 becomes £12.50! However, to claim Gift Aid sponsors must add their full name and home address including the post code clearly. If these cannot be read then the tax cannot be claimed. If you are a higher-rate tax payer gift aid can be claimed at 40%!
The Government operates a scheme called Gift Aid that allows charities to claim 28p for every pound donated. So if you donated £100 to Cancer Research UK, it means that you’ll actually be giving us £128! Giving under Gift Aid means that so much more money can be raised with relatively little effort – for further information about the Gift Aid scheme.
