New College Worcester

For blind and partially sighted children and young people

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Gift Aid

Gift Aid increases the value of your donation to NCW by allowing us to reclaim basic rate tax on your donation; the current rate is 25 pence for every pound.

How Gift Aid works

The Gift Aid scheme is for gifts of money by individuals who pay UK tax. Gift Aid donations are regarded as having basic rate tax deducted by the donor. Charities take your donation which is money you have already paid tax on and reclaim the basic rate tax from the HM Revenue and Customs (HMRC) on its ‘gross’ equivalent – the amount before basic rate tax was deducted. This means if you give £10 and use Gift Aid to NCW we will receive £12.50

If you pay higher rate tax you can claim extra relief on your donations.

If you claim age-related allowances or tax credits, Gift Aid donations can sometimes increase your entitlement.

How to make a donation using Gift Aid

In order to make a Gift Aid donation you’ll need to make a Gift Aid declaration. We will ask you to complete the form below – one form will cover every gift you make to us for whatever period you choose.

The details we require on our declaration form include

Gifts can be made jointly by people living together

You can use Gift Aid for gifts you make jointly if you tell us how much each of you is giving and if you each make a Gift Aid declaration.

Making sure you have paid enough tax to use Gift Aid

You can use Gift Aid if the amount of Income Tax and/or Capital Gains Tax you’ve paid for the tax year in which you make your donation is at least equal to the amount of basic rate tax we are going to claim. A tax year runs from 6 April one year to 5 April the next. If you do not pay enough tax you may be required to pay any shortfall in tax to HMRC.

You do not necessarily have to be working to be paying tax. Apart from tax on income from a job or self-employment, the tax you’ve paid could include:

Gift Aid Declaration
Estimated Size: 21k

For more information visit the following website

http://www.hmrc.gov.uk/individuals/giving/gift-aid.htm

or telephone the HMRC charities helpline on 0845 302 0203

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