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us - gift aid
What
is Gift Aid?
 |
If you pay tax in the UK, Gift Aid is a scheme by
which you can give a sum of money to charity and
the charity can reclaim from HM Revenue & Customs
basic rate tax on your gift. That increases the
value of the gift you make to the charity.
|
For
example, if you donate £10 using Gift Aid to Liverpool
ADHD Foundationin a tax year, that gift is worth £12.82
to us.
You
can make payments by cash, cheque, postal order, direct
debit, standing order, debit or credit card or even in
a foreign currency. Subject to a few rules, you can give
any amount, large or small, regular or one-off and Liverpool
ADHD Foundation can reclaim the tax.
If
you are a higher rate taxpayer, you can claim relief on
the difference between the basic rate and higher rate
of tax.
If
you do not pay tax, you should not use Gift Aid.
How
much will YPAS benefit
from Gift Aid:
Use
this calculator to work out how much tax we can claim
back on your donation:
How
does my gift qualify for Gift Aid?
You
must:
- pay
at least as much tax as YPAS will reclaim on your gifts
in the tax year in which you make them (tax credits
on dividend income will count towards the tax paid).
The tax year runs from 6 April in one year to 5 April
in the next.
-
make a declaration to YPAS that you want your gift to
be treated as a Gift Aid donation
- not
receive excessive benefits in return for your gift.
Gift
Aid Notes:
| 1. |
You
can cancel your gift declaration at any time by notifying
YPAS. |
| 2. |
Please
notify YPAS
if
your circumstances change and you no longer pay any
amount of tax, or if you change your name or address. |
| 3. |
To
be eligible to Gift Aid you must pay an amount of
income tax and/or capital gains tax (including tax
you may pay on your savings) at least equal to the
tax that the charity reclaims on your donations in
the tax year (currently 28p for each £1 you
give). Unless you're donating thousands of pounds
that's very unlikely! |
| 4. |
Remember
to notify us if you no longer pay an amount of income
tax or capital gains tax equal to the tax we reclaim
on your donations. |
| 5. |
If
you pay at the higher rate you can claim further tax
relief in your self assessment tax return. |
| 6. |
If
you are unsure whether your donations qualify for
Gift Aid tax relief please ask your local tax office
for leaflet IR65 Gift Aid. |
Visit
the HM
Revenue & Customs website to find out more Gift
Aid and tax efficient ways to give to charity.
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