Gift Aid
What is Gift Aid?Gift Aid is one of the simplest and most effective ways of giving to charity and allows The Courtyard to claim almost a third more on top of your donation if you are a UK taxpayer. For every pound you give, we will receive an extra 28 pence from the Inland Revenue. For higher rate taxpayers there is an added advantage in that you can reclaim the marginal rate of tax for yourself by entering details of your Gift Aid donations on your Self Assessment form. Gift Aid is applicable to cash donations of any amount.
Who is eligible to give using Gift Aid?The gift aid scheme is open to all UK based individuals who pay an amount of income tax and/or capital gains tax at least equal to the tax that the charity reclaims on the donation (currently 28p for each £1 given for basic rate tax payers). These individuals must be:
- Basic rate taxpayers, which includes people with dividend income or bank interest from which tax has been deducted at source. These people are eligible to use the gift aid scheme providing that their gift aid giving does not exceed the availability of taxed income.
- Higher rate tax payers are eligible to use gift aid. They will also be able to claim higher rate tax relief which will reduce the cost of the donation to them by 20%.
How to Gift Aid your donationTo enable The Courtyard to claim back Gift Aid on your donation all you have to do is make a simple Gift Aid Declaration. This can be made verbally over the telephone or by ticking the Gift Aid panel on our donation form which can be requested from the Box Office. Please also sign and date the form.
By doing so you are stating that you wish The Courtyard to treat your donation as a gift aid donation and that you pay an amount of income tax or capital gains tax equal to the tax deducted from your donation.
You need only do this once. Having made us aware that you would like to gift aid your donations, all donations made for an indefinite period will be treated as a gift aid donation unless your circumstances change and you are no longer eligible to use gift aid. You may, if you wish, cancel your declaration at any time.