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Everything
you've ever wanted to know about Gift Aid... |
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How can I sign up for Gift
Aid?
All you need to do is complete the
downloadable Gift Aid Declaration
form
How does Gift Aid work?
Gift Aid is one of the easiest ways
to make your donation tax effective.
The charity you are supporting
reclaims the basic rate tax from the
Inland Revenue. There is no extra
cost to you and the process is
simple - all you have to do is make
a Gift Aid declaration.
What is a Gift Aid
declaration?
It is simply a statement by an
individual taxpayer that they want a
charity to get back from the Inland
Revenue the tax paid on their
donation. This is a great way to add
28 per cent to the value of your
gift to Skanda Vale Hospice without it
costing you a penny more!
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Gift Aid - do I qualify?
You can Gift Aid your
donations to Skanda Vale Hospice provided that you pay in
the same financial year as much in income or capital gains
tax as we (Skanda Vale Hospice) claim on your donations. For
example, if you wish to Gift Aid donations that total £100
in one year, you will need to pay at least £28 in tax during
the same financial year.
How do I know if I pay UK
income or capital gains tax?
You pay these taxes if:
• income tax is taken from your
wages or salary before you receive your pay
• you pay tax after filling in a
self-assessment form each year
• you have any taxable savings (in a
Building Society, for instance), or a pension plan, or
investment income
• you have paid any capital gains
tax, on the sale of a property or some shares, for instance
If any of these applies to you,
please complete and return your declaration so Skanda Vale
can reclaim the tax on your donations.
Why does it work out at 28
pence for every pound given?
Although basic rate tax is currently
22 per cent, the donation for £1 is treated as the net after
tax from £1.28 (£1.28 minus 22 per cent is approximately
£1). Skanda Vale get back the 28 pence.
What if I don't pay UK tax?
Then, unfortunately, you are not
able to make a Gift Aid declaration.
What if I'm a pensioner?
You may still pay tax on a private
pension plan or a savings account, or pay capital gains tax
if you sell property or shares. If so, please tick the Gift
Aid declaration.
What if I make my donations
via CAF (Charities Aid Foundation)?
If you normally make donations via
CAF, tax has already been reclaimed. However, please fill in
the declaration anyway so that any separate donations you
might make are tax effective as well.
What does the Gift Aid
declaration commit me to?
Absolutely nothing! It just ensures
that if you choose to donate to Skanda Vale Hospice,
we can claim an extra 28 per cent back from the Inland
Revenue.
How long does the declaration
last for?
To simplify matters for both you and
Skanda Vale Hospice, the declaration wording normally covers
present, future and past donations. We are able to claim on
any gifts made since the Gift Aid scheme was revised on 6
April 2000, as long as you are eligible.
Who will have access to this
information about me?
Only the Charity and the Inland
Revenue. We will not share it with anyone else.
What should I do if my tax
status changes or I want to cancel my declaration?
Please notify us in writing
at:
Skanda Vale Hospice
Saron
Llandysul
SA33 6JT |
