What should the Gift Aid Declaration state?
The Gift Aid scheme applies to gifts of cash to UK charities and allows the charity to claim repayment of the basic rate tax paid by the donor. The donor must pay at least as much UK income tax and capital gains tax as the sum of tax reclaimed by the charity, and must give a valid Gift Aid declaration to the charity. For donations made up to 5 April 2008 this means that the donor must have paid at least 28p tax for every £1 donated and allowed under the Gift Aid scheme. For donations made on or after 6 April 2008 this means that the donor must have paid at least 25p tax for every £1 donated. If your charity’s Gift Aid declarations specify an amount of tax that the donor must have paid, next time you amend it you should include the new figures.
