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Gift aid allows us to reclaim tax from the Government on donations that we receive from UK taxpayers. It increases the value of your donation at no extra cost to you.
Tax can be reclaimed at the basic rate. This means that for every one pound that you donate, the Wordsworth Trust can claim an extra 25 pence. So with gift aid, a £100 donation to Reimagining Wordsworth would be worth £125.
By ticking the gift aid box, you are confirming that:
- you are a UK taxpayer.
- the amount that you pay in income tax and / or capital gains tax is at least the same as the tax relief that will be claimed on all the charitable donations that you make in the same tax year. In other words, if you make a £100 donation to Reimagining Wordsworth and tick the gift aid box, you are confirming to us that you have paid income tax and / or capital gains tax of at least £25 – the amount of gift aid that will be due.
- you agree that the Wordsworth Trust can use your name and postal address in order to claim the tax relief due on your donation.
Provided you meet the above conditions, gift aid can apply to donations of any size, made via this website or by cash, cheque, postal order, direct debit, standing order, debit or credit card and even in a foreign currency.
Please note that if you pay less income tax and / or capital gains tax than the amount claimed on your donations in that tax year, it is your responsibility to pay any difference.
If you give us a gift aid consent and your tax status then changes, please remember to let us know.
If you pay income tax at the higher or additional rate, you can also benefit from tax relief. You could claim back between £25 and £31 of a £100 donation, for example, depending on your specific circumstances. You will need to include all the donations on which gift aid has been claimed on your self-assessment tax return, or you can ask HM Revenue & Customs to adjust your tax code.
For more information, phone Mark Bains, Development Manager (015394 63515) or Contact us >