The Gift Aid scheme is for gifts of money by individuals who pay UK tax. Gift Aid donations are regarded as having basic rate tax deducted by the donor. Charities take your donation – which is money you’ve already paid tax on – and reclaim the basic rate tax from HM Revenue & Customs (HMRC) on its ‘gross’ equivalent – the amount before basic rate tax was deducted.
Basic rate tax is 20 per cent, so this means that if you give £10 using Gift Aid, it’s worth £12.50 to the charity.
In order to make a Gift Aid donation you’ll need to make a Gift Aid declaration. All we ask you to do is complete a simple form – one form can cover every gift made to the same charity for whatever period you choose, and can cover gifts you have already made and/or gifts you may make in the future.
You must include:
your full name
your home address
the name of the charity
details of your donation, and it should say that it’s a Gift Aid donation
Gifts made jointly by people living together
You can use Gift Aid for gifts you make jointly if you tell the charity how much each of you is giving and if you each make a Gift Aid declaration.