ActivityForum supports the Gift Aid
Scheme which was introduced in 1990 and modified in 2000. The scheme
enables United Kingdom resident individuals to give gifts of money to charity
tax-effectively. Finance Act 2000 amended the Gift Aid scheme
for donations made by individuals on or after 6 April 2000.
The main changes were to:
·
abolish the
minimum limit for Gift Aid donations, so that the scheme applies to any
donation, whether large or small, regular or one-off
·
replace the
requirement for donors to give the charity a Gift Aid certificate with a
requirement to give a new, simpler and more flexible Gift Aid declaration
·
allow donors to give a written Gift Aid declaration by post,
by fax or by Internet or an oral declaration over the phone or face to face.
·
allow
o
Crown servants
and members of the UK armed services serving overseas, and
o
other non-UK-resident individuals who make donations
out of income or gains charged to UK tax,
to use the new Gift Aid scheme.
The Gift Aid Declaration
Before a charity can reclaim tax on a donation by an individual, it must have
received a Gift Aid declaration from the donor containing certain information
and confirming that the donation is to be treated as a Gift Aid donation.
Without this declaration, a donation from an individual will not qualify under
the scheme.
All Gift Aid declarations must contain:
·
the donor’s
name
·
the donor’s
home address
·
the charity’s
name
·
a description
of the donations to which the declaration relates
·
a declaration
that the donations are to be treated as Gift Aid donations and, except in the
case of a declaration given orally:
·
a note
explaining the requirement that the donor must pay an amount of income tax
and/or capital gains tax equal to the tax deducted from his or her donations.
ActivityForum