Gift Aid is reclaimed by Blind Veterans UK from the tax you pay for the current tax year.
I would like to Gift Aid my donation and any donations I make in the future or have made in the past four years to Blind Veterans UK. I am a UK taxpayer and understand that if I pay less income tax and/or capital gains tax than the amount of Gift Aid claimed on all my donations in that tax year it is my responsibility to pay any difference. Blind Veterans UK will claim 25p on every £1 donated.
Under Gift Aid, the HM Revenue and Customs (HMRC) will usually top up every £1 given to Blind Veterans UK with 25p. So the charity could receive £250 for every £1,000 you donate with no extra expense to you.
For donations to be eligible for Gift Aid, you need to be a UK taxpayer and will have had to have paid an amount of income/capital gains tax equal to or higher than the amount claimed by all charities and CASCs from HM Revenue & Customs. (taxes such as VAT and Council Tax do not qualify).
This means, for the Society to claim £2.50 on a £10 donation, you must have paid at least £2.50 in tax.
Gift Aid cannot be claimed on company donations.
How do I qualify for Gift Aid?
Your donations will be eligible for the Gift Aid scheme if you:
- are an individual
- pay UK Income Tax
- have a private/occupational pension that is taxed at source
- have recently paid or expect to pay any Capital Gains Tax (e.g. from property sales)
- receive interest on savings taxed at source
- receive rental income
- have UK dividend income