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Gift Aid |
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What is Gift Aid?
What do I need to do?
How do I know if I’m a UK taxpayer?
What if I have agreed to Gift Aid with another charity?
I’m a higher rate taxpayer: does this affect anything?
I’m a pensioner: do I pay tax?
Am I committing myself to give regularly?
Do I need to make a declaration with every gift?
What if my donations are made via CAF (Charities Aid Foundation)?
Why can you reclaim 25%, when the basic rate of tax is currently 20%?
What should I do if I move house, or change my name?
How do I cancel my declaration?
I’m not a UK taxpayer: can I still help?
Who will have access to this information?
For companies
For self-employed
For company partnerships
Find out more about other ways of tax efficient giving
Contact us/Make a Gift Aid declaration
What is Gift Aid?
Gift Aid is a government initiative that allows donations given to charity to be tax-effective. Charities are allowed to claim back the tax already paid on your donations, at no extra cost to you. At the current rate of income tax, WCRF UK can claim back 25p for every £1 donated. Additionally, until April 2011, the government is also adding an extra 3p for every £1 donated to this. This enables us to claim back 28p for every £1 donated since October 2001.
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What do I need to do?
You simply have to make a declaration that you are currently a UK taxpayer and that you would like WCRF UK to reclaim tax you will have paid on your donations. This declaration can be via a written form, or given over the telephone.
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How do I know if I’m a UK taxpayer?
You are a UK income tax payer if any of the following are true:
Tax is taken from your wages or pension before you receive them
You fill in a self-assessment tax return
You have any taxable savings (e.g. in a building society), a pension plan, or investment income
You may also have paid capital gains tax, on the sale of property or shares, for example. Please note that Inheritance Tax does not count as income or capital gains tax.
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What if I have agreed to Gift Aid with another charity?
You can support any number of charities through Gift Aid, but you must complete a separate declaration for each one. You should also ensure that you pay enough tax to cover the total of all of your donations.
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I’m a higher rate taxpayer: does this affect anything?
If you pay tax at the higher rate (currently 40%), we can still reclaim 25p in every £1 donated. You can also reclaim an extra 25p in every £1 yourself, on your annual tax return, upon which there is an option (if you so choose) to pass the amount reclaimed back to the charity. Please email fundraising@wcrf.org with your details if you would like more information on higher rate tax matters or if you are considering citing WCRF UK on your form.
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I’m a pensioner: do I pay tax?
You may pay tax on a private pension plan or on a savings account. You may also pay capital gains tax on the sale of property or shares.
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Am I committing myself to give regularly?
Not at all, completing a Gift Aid declaration does not commit you to any future donations, but any you may give will be covered by the declaration.
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Do I need to make a declaration with every gift?
You only need to complete a single declaration, and this will cover all donations you have made since 1st October 2001 and all future donations until you notify us otherwise.
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What if my donations are made via CAF (Charities Aid Foundation)?
If you donate through a CAF account, CAF vouchers, or other similar tax-effective vouchers, your donations are already tax-effective and Gift Aid cannot be claimed. It is still very helpful to us for you to complete a declaration, however, to cover any non-CAF donations you may make in the future.
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Why can you reclaim 25%, when the basic rate of tax is currently 20%?
A basic rate taxpayer in the UK pays 20% of their salary in tax. This means that for each £100 earned, £80 is received. When a donation is made, WCRF UK can claim 20% of the amount you earned before tax was deducted, which works out as 25% of the amount we receive.
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What should I do if I move house, or change my name?
Please let us know if any of your circumstances change, so that we can keep your record up-to-date on our systems.
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How do I cancel my declaration?
Simply inform us that you are no longer a UK taxpayer, in writing or over the telephone, and we will stop reclaiming tax on your donations immediately.
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I’m not a UK taxpayer: can I still help?
If you are not a UK taxpayer, it helps us with our records if you let us know by ticking the non-taxpayer box on the declaration. It will also minimise the chances of us calling or mailing you about this matter.
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Who will have access to this information?
The information on the Gift Aid declaration will be stored by WCRF UK and shared with Her Majesty’s Revenue and Customs at the point of the Gift Aid Reclaim. No one else will have access to this information.
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For companies
It couldn’t be easier to make a donation to WCRF UK, simply make a gross donation to us and deduct the amount of your gift from your total profits, before calculating the company’s corporation tax. You do not have to give a Gift Aid Declaration to us.
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For self-employed
Your donation to WCRF UK is treated in the same way as for an individual, in other words, your donation is made to us from your taxed income. WCRF UK will reclaim the tax paid by you from Her Majesty’s Revenue & Customs at the basic rate of income tax. However, if you are a higher rate taxpayer, you can get tax relief at 20% on the gross amount of your donation. You are required to complete a Gift Aid declaration.
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For company partnerships
Your donation to WCRF UK will be treated as joint donations of equal share from individual partners, unless each partner decides to split the gift in different proportions. The tax relief will be dealt with in the same way as for individuals. However, if you are higher rate taxpayers, you can get tax relief at 20% on the gross amount of your donation. You are required to complete a Gift Aid declaration.
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Contact us/Make a Gift Aid declaration
If you would like to discuss any of the above or make a Gift Aid declaration, please contact our Supporter Services team on Freephone 0800 970 1461 (or 020 7343 4200) or email fundraising@wcrf.org with your questions and contact details.
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Copyright
WCRF UK, 19 Harley Street, London W1G 9QJ - Tel: 020 7343 4200 - Fax: 020 7343 4201 - wcrf@wcrf.org
Registered Charity No. 1000739
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