Gift
Aid It
Using Gift Aid means that for every pound you give, we can get an
extra 28 pence from the Inland Revenue, helping your donation go
further.
This means that every £100.00 can be turned into
£128.00, just so long as donations are made through Gift Aid.
Imagine what difference that could make, and it doesn't cost you a
thing.
So if you want your donation to go further, Gift
Aid It. Just tick the box on the Entry Form and make sure those who
sponsor you tick the box if they are a tax payer.
Question and Answers
How can a charity reclaim 28% when the basic
rate of tax is currently 22%
This is because the basic rate of tax is
calculated on the gross amount of donation. A net donation of £100
when grossed at 22% gives the sum of £128.21. The tax repayment is
therefore £128.21 less £100, which is £28.21. To work out the exact
tax, multiply the amount of donation by 22/78.
Can Gift Aid apply to amounts raised from
sponsored events such as sponsored walks etc.
Yes - the amount raised from each sponsor can
count as Gift Aid donation as long as the sponsor has been asked to
make a declaration. Giving full details on the entry form including
Post
Code.