About Gift Aid
Under the Gift Aid scheme, charities can reclaim an extra 25% in tax on every eligible donation by a UK taxpayer.
We are not permitted to reclaim Gift Aid on donations made in return for goods, rights and services (eg tickets to events, raffles or auctions), as they are not ‘freewill’ gifts.
If we decide a donation has been marked as ‘Gift Aidable’ incorrectly, we will need to refund it to the donor.
We are not permitted to reclaim Gift Aid on donations made in return for goods, rights and services (eg tickets to events, raffles or auctions), as they are not ‘freewill’ gifts.
If we decide a donation has been marked as ‘Gift Aidable’ incorrectly, we will need to refund it to the donor.
1. What do I have to do?
When you donate, you will be asked to confirm whether or not you are a UK taxpayer. Please note that tax can only be reclaimed on donations made by individuals who pay UK income or capital gains tax at least equal to the amount reclaimed on their donations in the current tax year.
If in doubt, please contact our help desk by emailing to donation@loveoffaith.org.
If in doubt, please contact our help desk by emailing to donation@loveoffaith.org.
2. Benefits to higher-rate taxpayers
If you pay tax at the higher rate, you can reclaim tax relief on your gross donation at 20% (ie the difference between the higher rate of tax at 40% and the basic rate at 20%).
3. What if I am not a UK taxpayer?
The Gift Aid scheme is unique to the UK. If you are not a UK taxpayer, you can still make a donation through SRMD (UK), but your donation will not attract Gift Aid.
4. Are there any transaction fees?
The only transaction fees are those paid to PayPal of 1.4% + 20p per transaction for UK donations. The transaction fees for donations paid via PayPal from outside the UK can be up to 2.9% + 20p per transaction.