CWGC Gift Aid

[birkettm]

The recent thread by Racing Teapots has helped my realise i can make donation to the CWGC, although i didnt find it in time to vote....

Anyway has anyone managed to set-up gift aid on a monthly contribution ? Do i have to complete both forms or what?

Ta.

marc

[John W]

Gift aid only needs to be done once and can be retrospective to 2001, the declaration lasts until you stop it.

JOhn

[eviltaxman]

Marc,

The following is taken from the Inland Revenue site......

If you pay tax in the UK, then Gift Aid is a simple way to increase the value of your gift to a charity. Making your donation using Gift Aid will enable the charity to reclaim the basic rate tax on your gift to them. This means that if you give £10 to charity using Gift Aid in the tax year 2003-04, that gift is worth £12.82 to the charity.

You can make payments by cash, cheque, postal order, direct debit, standing order, debit or credit card or even in a foreign currency (including the euro).

Subject to a few rules, you can give any amount, large or small, regular or one-off and the charity can reclaim the tax.

If you are a higher rate taxpayer, you can claim relief on the difference between the basic rate and higher rate of tax.

If you do not pay tax, you should not use Gift Aid.

If you want to read the whole page go here.

Cheers,

Les.