Gift Aid- what’s that all about?
by Jan on Apr.07, 2009, under Info
If you’ve already sent a donation to one of the team through Just Giving may have been asked whether you wanted to allow Just Giving to reclaim Gift aid on your behalf.
Well what is it?
Simply put, if you pay income tax in the UK and make a charitiable donation, the charity can reclaim the tax on your donation. This can work out at around 28% extra going to the charity- at no extra cost to yourself!
For example, Mr Bloggs makes a donation of £100 to Child Reach (how kind!):
Donation = £100
Refund from HMRC = £25
Supplement from HMRC = £3.21
Total to charity = £128.21
As you can see, it’s worth using Gift Aid since it can makes a huge difference. For more information on Gift Aid, check out the HMRC website.
