Gift Aid can be applied to any value of donation. You can Gift Aid donations made by cash, cheque, postal order, credit or debit card, direct debit and standing order.
To qualify for Gift Aid, you need to be a UK taxpayer and to have paid income tax or capital gains tax that is at least equal to the amount of tax that all the charities and Community Amateur Sports clubs you give to will claim on your gift aid donations in the year that they are received. Please note that other taxes such as Council Tax and VAT do not count for Gift Aid purposes.
Tax is claimed at the basic rate of 20% (which is 25% on the net value of your donation). This means that under Gift Aid for every £1 you give, OSARCC can reclaim at least an additional 25p from HM Revenue & Customs.
If you are unsure whether you are eligible for donating by Gift Aid, or simply want more information, contact the HM Revenue and Customs directly by calling their Gift Aid helpline on 0151 472 6038 or visiting www.hmrc.gov.uk
You only need to make a declaration once. This declaration enables us to claim Gift Aid on all donations you have made in the past four years, and any future donations. Please ensure that you notify us of changes to your tax status; otherwise this could result in us claiming tax relief we are not entitled to, which could have implications for you.
Unfortunately you need to inform each charity that you support and that they are able to claim Gift Aid on your donations. Gift aid declarations are kept and claims to HMRC are made by individual charities.
If you are a higher rate taxpayer we can still only claim the basic rate of tax on your donation. However, you are able to reclaim the difference between the amount we reclaim and the 40% you pay yourself through your annual tax return.
You can cancel your Gift Aid declaration at any time by emailing your full name and address, including your postcode, to firstname.lastname@example.org or by calling our office on 01865 725311.