What is Gift Aid?
Gift Aid is a simple, government initiative which allows us to increase the value of your donations at no extra cost to you. For every pound you give to us we can get an extra 28 pence from the Inland Revenue helping your donation go further to help blind people. It's very important to us because for every £100 we receive we get an extra £28 from the Government.
How do I know if I can Gift Aid my donations?
The only condition is that you are a UK tax payer and you must pay an amount of income tax and/or capital gains tax at least equal to the tax that we reclaim on your donations in the tax year (currently 28p for each £1 you give).
How do I know if I am a UK tax payer?
If you have a salary, savings in a bank and/or building society, investments or a pension you may well be a tax payer, so you can Gift Aid your donations.
Will this affect my tax status?
No. As a tax payer any donations you make to BWBF have already had an element of tax removed from them, usually by way of income tax. What the Gift Aid scheme does is give back to us some of that tax as a boost to your gift.
What do I have to do?
All you have to do is tick the box: a simple Gift Aid declaration which confirms that we can claim back the tax on your gifts.
Can I Gift Aid my donations if I am a higher rate tax payer?
Yes. Please tick the box. You can then personally claim tax relief on the difference between your higher rate tax and basic rate on your self assessment form.
How do I cancel a declaration?
All you need do is drop us a line at any time telling us you wish to cancel your declaration. Our address is elsewhere on this website.
Do I have to tell the taxman about my donations?
Only if you are asked to complete a self-assessment tax form by the Inland Revenue.
Please consider making a Gift Aid Declaration by ticking the box on our Gift Aid Form, and help us to make your gift go further. If you have any questions at all, we'd be happy to answer them. Please see our Contact Us page for details of how to get in touch. |