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What is Gift Aid?
You can make your donation to Yorkhill Children’s Foundation worth a quarter more by making a Gift Aid declaration and enabling us to claim the tax back from the government at no cost to you. All that you have to do is fill out a Gift Aid Declaration when you make a donation and we can claim back 25p for every £1 that you donate.
Gift Aid is a government scheme that enables a registered charity to claim back the tax that you have paid on any donation that you make. This amounts to an extra 25p for every £1 that you give. If you give £10 to a charity and you are a basic rate taxpayer (20%), you will have paid £2.50 in tax on the gross donation (to take home £10, you will have earned £12.50 before tax). Charities are able to reclaim this £2.50 back from HM Revenue and Customs.
You must be a UK taxpayer for your donation to qualify for Gift Aid. This can either be Income or Capital Gains Tax, but you must have paid enough in the tax year that you make the donation to at least cover the amount that the charity will claim (25p per £1).
Once you have signed your Gift Aid Declaration it is valid for all gifts in the future and for any gifts you have made to us in the four years prior to signing the declaration.
To declare all the donations you have made in the last four years and any you may give in the future eligible for Gift Aid you can download, complete and return a Gift Aid form to us by following this link.
If you Gift Aid your donation to Yorkhill Children’s Foundation and are a higher rate taxpayer, you can choose to claim the difference between your highest rate of tax (40% or 50%) and the basic rate of tax (20%) as part of your annual self-assessment tax return. You can then choose to make a further Gift Aid payment to Yorkhill Children’s Foundation by donating this additional tax relief to our charity via your self assessment form, using our unique reference code of GAB80VG, thus making your donation go even further at no cost to yourself. If you do not complete a self assessment form, you can still claim this relief by asking your tax office for form P810.
