When you make a donation to a charity, Community Amateur Sports Club (CASC) or voluntary organisation, that charity is able to claim back the tax that you have paid on the donation. This mechanism is called Gift Aid and amounts to an extra 25p for every £1 that you give.
If you give £10 to a charity and you are a basic rate taxpayer (20%), you will have paid £2.50 in tax on the gross donation (to take home £10, you will have earned £12.50 before tax at the basic level). Charities are able to reclaim this £2.50 back from HMRC.
You must be a UK taxpayer, for your donation to qualify for Gift Aid. This can either be Income or Capital Gains Tax, and you must have paid enough tax in the tax year that you make the donation (6 April to 5 April) for it to be at least equal to the amount of tax that all the charities and CASCs that you have donated to, will reclaim on my gifts for the current tax year. Please note that taxes such as VAT and Council Tax do not qualify.
You will need to inform us that you are a UK taxpayer and you would like us to reclaim the tax on your donation. You do this by making a Gift Aid declaration, a simple form can be downloaded here, please print it out and complete all fields and return to our freepost address below.
If you pay a rate of income tax higher than 20%, you can also claim the difference between the basic 20% rate of tax reclaimed by the charity and the highest rate you paid. This can be done via your self- assessment tax return.
If you do not pay tax, you should not use Gift Aid.
The Royal National College for the Blind
Fundraising Office
FREEPOST SWC4616
College Road
Hereford
HR1 1ZZ
If you have any questions about making a donation to RNC, please call Louise on 01432 376371 during office hours - Monday to Friday, 9am to 5pm or email info@rncfundraising.org.uk