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What is Gift Aid and how I can add it to my donation?

Last Updated: Oct 10, 2016 03:13PM BST
Gift Aid is a tax relief that can add an additional 25 pence to every pound donated.

e.g. A £10 donation will attract £2.50 in Gift Aid giving the project a total of £12.50 towards their target.

To enable The Good Exchange to claim Gift Aid on behalf of the applicant you are donating to the organisation must be registered for Gift Aid with HMRC and the organisation must have given consent for The Good Exchange to claim Gift Aid on its behalf (to act as an 'Agent').

In addition to claim Gift Aid on your donation you have to be a UK taxpayer and understand that if you pay less Income Tax or Capital Gains Tax than the amount of Gift Aid claimed on all your donations in that tax year, it is your responsibility to pay any difference. Your address is required to identify you as a current UK taxpayer.  

As well as the applicant organisation being registered for Gift Aid the project they are fundraising for must also be eligible (e.g. for charitable purposes). An organisation itself can be registered to claim Gift Aid e.g. an amateur sports club or association,  but they may have a project where a small number of people receive a significant benefit as a result of the donation towards it. An example of this would be an international tour where the donors would most likely be the actual participants in the tour or a member of their immediate family. In this example the project would not be eligible for Gift Aid and family members donating to such a project would not be able to claim Gift Aid.

There are also rules on what gift aid can be claimed on -
Consider the following questions before ticking the gift aid box:

1) Am I receiving something in return for my donation?
2) Is the donation for all or part of my membership or subscription fees?
3) Is the donation my own money?
4) Is the donation part of a sweepstake, raffle or lottery?

If the answer to any of these questions is yes the donation may not be eligible for gift aid.  For more information on the Gift Aid rules please refer to HMRC guidance at https://www.gov.uk/guidance/gift-aid-what-donations-charities-and-cascs-can-claim-on





 
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