Gift Aid: Tax-Effective Giving
Gift Aid It
You may be aware that any UK taxpayer can sign a Gift Aid Declaration, which allows us to reclaim from the government the basic-rate tax on all your cash donations. Each year the College collects almost £100,000 in Gift Aid - so please do not hesitate to let us know that you would like your gift to be under the Gift Aid Scheme. The HMRC has asked that we remind you that in order for us to be able to reclaim the tax, 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 all the charities to which you donate will reclaim on your gift.
More information on Gift Aid can be found from the UK Government website.