GIFT AID money

GIFT AID money to found

giftaid-it

If you are a UK tax payer, you can make every £1 you give – or have given – worth 25p more, just by telling us. This is because the government’s Gift Aid scheme allows found to reclaim tax on donations. This means that you can make an even bigger difference at no extra cost to you!

For your donations to be eligible for Gift Aid you must pay an amount of income tax and/ or capital gains tax for each tax year that is at least equal to the tax that all charities and Community Amateur Sports Clubs reclaim on your donations in the same tax year.

You need to understand that if you pay less income and/or capital gains tax to cover the amount of Gift Aid claimed on all your donations in that tax year, you are responsible for paying back any difference.

If you pay higher rate tax you can claim further tax relief in your Self Assessment tax return.

 

so much more than a charity shop