Under the Gift Aid scheme, charities can reclaim an extra 25% in tax on every eligible donation by a UK taxpayer. This ‘transitional relief’ does not affect your personal tax position.
What do I have to do?
Gift Aid donations can be made to Greyhound Gap using the following methods:
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%).
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, but your donation will not attract Gift Aid.