We found 8 results for gift aid
8 results for gift aid
Yes. If you are a UK taxpayer, you can add Gift Aid to your donation. Find all the answers to your Gift Aid questions here: Compassion UK | Christian Child Sponsorship
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.
To declare Gift Aid, you must pay an amount of UK Income and/or Capital Gains Tax, which is at least equal to the combined amount of Gift Aid that charities are claiming. If you pay less tax than this, you can stop one or more of the declarations to ensure the Gift Aid is not more than the tax you are paying. Simply contact the supporter services team at the charity or charities of your choice
You should receive a P60 each year that will show any tax deductions.
If you have joint sponsorship and your partner pays tax then they can tick the Gift Aid box, provided that your donations are paid either from your partner’s account or from a jointly held or named account (i.e. the payment is from the ‘Gift Aider’).
If you no longer pay sufficient UK Income or Capital Gains Tax, please let us know on 01932 836490 and we’ll stop claiming Gift Aid on your donations. If you change your name or address, please just let us know.
To qualify for Gift Aid, you must pay an amount of UK Income and/ or Capital Gains Tax, which is at least equal to the amount that the charities you support will reclaim on your donations in each tax year (6 April to 5 April). If you pay less Income Tax and/or Capital Gains Tax than the amount of Gift Aid claimed on all your donations in the tax year, it's your responsibility to pay any difference to HMRC. Gift Aid is claimed at 25p per £1 of your support. Taxes such as VAT and Council Tax do not qualify for Gift Aid.
Gift Aid doesn’t cost you a penny and allows us to reclaim the tax on your donations from HMRC, providing that you’re a UK taxpayer.
Compassion UK Christian Child Development, registered charity in England and Wales (1077216) and Scotland (SC045059). A company limited by guarantee, Registered in England and Wales company number 03719092. Registered address: Compassion House, Barley Way, Fleet, Hampshire, GU51 2UT.