Gift Aid It!

The Giving Campaign's "Gift Aid" allows any charity receiving from a donation from a UK tax payer to reclaim the basic rate of income tax back from the Inland Revenue. If you're a tax payer and you donate to any charity ensure you enclose a declaration indicating your name and address and stating you are a tax payer. The charity can then claim back an extra 28p for every pound you donate. You can also back date this declaration to 6 April 2000, allowing your chosen charity to claim back tax on any donation made by you since then.

Payroll Giving

If you're working and like to donate to a charity, then check if your employer is signed up to the Payroll Giving scheme (and if they're not, ask them to!). Employees then donate straight from their pay packet before tax is deducted - so a donation of £10 by a basic rate tax payer only costs him/her £7.80. And until April next year (2003) the Government is adding 10% to every donation made in this way, so that £10 donation becomes £11 for the receiving charity.

Share Giving

This method is for those selling shares and wishing to give the profits to charity and allows the donor to claim back full income tax relief. On top of this, capital gains tax will not apply.

Giving Campaign (020 7930 3154, admin@givingcampaign.org.uk)


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© Networking Newsletter (Nov 2002)