I would like to Gift Aid my donations
What is Gift Aid?
Gift Aid is tax relief on money donated to UK charities.
HM Revenue & Customs treat donations as if the donor had already deducted basic rate tax from them. The charity can then reclaim this tax to increase the value of a donation.
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In order for CINI to be able to claim Gift Aid donors must pay enough UK income tax and/or capital gains tax themselves to cover the amount of tax the charity will reclaim give the charity a Gift Aid declaration, which should include:
- their name
- their home address
- the charity’s name
- details of the donation – saying that it is a Gift Aid donation
- confirmation that they have paid UK tax – to cover the tax the charity will reclaim.
A declaration can be made to cover individual donations, a series of donations, can cover donations made during a specified period or to cover all future donations. They can also be backdated for up to 6 years prior to the date of the declaration.
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