Gift aid explained
What is Gift Aid?
The Government operates a scheme called Gift Aid that allows charities to claim the basic rate tax on every pound donated by UK tax-payers. So if you donated £20 to Tiny Tickers, it means that you’ll actually be giving us at least £25.00.
Giving under Gift Aid means that so much more money can be raised at no extra cost to you, our supporter, for babies with congenital heart defects.
It’s win win!
Your donations will qualify as long as they are not more than 4 times what you have paid in tax in that tax year (6 April to 5 April).
For individuals, the Gift Aid rules require the completion of a Gift Aid declaration Form. This provides us with the minimum information required for us to be able to claim Gift Aid on a donation.
Gift Aid can be claimed on individual and sponsorship donations that are made to Tiny Tickers.
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, made a purchase or have entered a competition.
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.
If you stop paying tax, please do tell Tiny Tickers (firstname.lastname@example.org) so that we can stop claiming Gift Aid on your future donations.
Gift Aid as a higher rate taxpayer
We can only claim back the basic tax rate of 20% in Gift Aid. However, if you pay a higher rate of income tax (40% or above) you could be entitled to a tax rebate on your donation, worth the difference between the basic rate of tax and your higher rate. This extra could make a real difference to your donation.
Every £1,000 you donate could be worth over £1,800 to Tiny Tickers.