GIFT AID DECLARATIONS
WHAT IS A GIFT AID DECLARATION (GAD)?
“Gift Aid” is the scheme used by charities and donors to reclaim tax on charitable donations.
WHAT DOES THIS MEAN TO ME?
If you have paid or will pay an amount of UK Income Tax and/or Capital Gains Tax for each tax year (6 April to 5 April) that is at equal to the amount of tax that all the charities can reclaim against, the charity can claim 25p of tax on every £1 that I give. Tthis is worked out as: £1/80*20 = £0.25.
If you pay UK Income Tax at the higher or additional rate and want to receive the additional tax relief due to you, you must include all your Gift Aid donations on your Self-Assessment tax return or ask HMRC to adjust your tax code.
HOW DOES IT WORK?
You need to complete the GAD overleaf for our parish for any donation(s) you have or will be making, including any diocesan second collections donated in a recordable format. The parish can then reclaim the tax back on your donation(s). If the donation(s) are not recorded they cannot be reclaimed against. The donation(s) can be given either by numbered envelope, cheque or bankers order. The GAD will cover all donations recorded by the parish.
HOW MUCH DOES IT COST ME TO GIFT AID MY DONATIONS?
There is no extra cost to you. The tax is an extra bonus for the parish on your contributions.
WHAT IF I STOP PAYING TAX?
Inform the parish priest, parish organiser or Louise Ward at the Gift Aid Office to cancel your GAD. If the charity makes a claim on money recorded but you have not paid sufficient tax for, it will be your responsibility to repay the difference to HMRC.
WHO CAN COMPLETE A GIFT AID DECLARATION?
Any UK tax-paying individual donor who has paid enough Income or Capital Gains Tax. Declarations cannot be in joint names; each tax paying person must complete their own Declaration.
Please help us improve our parish income without donating any extra. Help us not to waste this opportunity.
Parish Gift Aid