What is Gift Aid? The Gift Aid Scheme allows Dorset and Somerset Air Ambulance to reclaim the basic rate tax back from HM Revenue & Customs (HMRC) on any donation from individual supporters who pay UK tax. Basic Rate Tax is currently 20 per cent, so the Charity is able to reclaim 25p of tax on every £1 that is given, at no extra cost to the supporter.
How can I Gift Aid my donations? In order to make a donation using Gift Aid, please complete our Gift Aid Declaration Form.
Gift Aid – THE FACTS! You can use Gift Aid if the amount of Income Tax and/or Capital Gains Tax you’ve paid for the tax year in which you make your donation is greater than or equal to the tax that we reclaim on your donation.
For individuals, the Gift Aid rules require the completion of a Gift Aid Declaration Form . This provides us with the minimum information required to enable us to claim Gift Aid on a donation.
Gift Aid can be claimed on individual and sponsorship donations that are made to Dorset and Somerset Air Ambulance.
Gift Aid applies only to ‘gifts’. That means we can’t use Gift Aid to boost fundraising totals on activities where people have been charged an entry fee or have entered a competition. This also extends to activities where the donor can’t be traced (such as giving to collections).
To ensure that the Gift Aid claim is valid, meaning we can claim the money back, it’s vitally important that all the information asked for on the Gift Aid Declaration Form is provided.
A tax year runs from 6 April in one year to 5 April in the next.
If you pay 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 HM Revenue and Customs to adjust your tax code.
An overview of the Gift Aid Scheme is available on the HM Revenue & Customs website.