The Inland Revenue has published a reminder, for taxpayers donating to help victims of the Indian Ocean Tsunami disaster, that using the Gift Aid scheme will increase the value of their gift to the relief agency.
An announcement on the Revenue’s What’s New page said:
“Using Gift Aid means that every pound donated is worth £1.28 to the relief agency. So if you’re donating by phone be sure and tell the operator that you want your donation to attract Gift Aid, if you’re using the Red Cross / Disasters Emergency Committee donations websites please remember to tick the Gift Aid boxes.
“This is because when individual UK taxpayers give money to UK charities using Gift Aid those charities can claim tax back from the Inland Revenue. The donor just needs to give the charity a simple declaration saying that they want Gift Aid to apply to their donation. The charity can claim back an amount equal to basic rate income tax on the donation – at no extra cost to the donor.
“Gift Aid is a tax relief provided by the Government to encourage and support charitable giving.”
Further information is available on the Make a Gift Aid donation to a charity section of the Revenue’s website.
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