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Gift Aid Donation Form (UK Taxpayers Only) Last Updated: 06/12/2009 |
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How Gift Aid worksWhen an individual, sole trader or partnership gives money to a charity through Gift Aid, the charity can take their donation – which is money the taxpayer has already paid tax on – and reclaim basic rate tax from HM Revenue & Customs (HMRC) on its ‘gross’ equivalent – the amount before basic rate tax was deducted. If a donor is a higher rate tax payer, they too can benefit from the tax relief as they can claim back the difference between the higher rate of tax at 40 per cent and the basic rate of tax at 20 per cent on the total value of their gross donation. In the United Kingdom, we are the New Group of World Servers Trust, a UK Registered Charity No. 1069944
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