Gift Aid is a way of making a tax-efficient gift of money to charity by individuals who pay UK tax. Gift Aid donations are regarded as having basic rate tax deducted by the donor. The Christ Church Community Appeal is able to take your donation – which is money you’ve already paid tax on – and reclaim basic rate tax from HM Revenue & Customs (HMRC) on its ‘gross’ equivalent – the amount before basic rate tax was deducted. This means that if you donate £1,000 to the Appeal using Gift Aid, it is worth £1,250. If you are a higher-rate taxpayer, you can also reclaim additional tax relief due to you simply by including your Gift Aid donations on your self-assessment form or by asking the HMRC to adjust your tax code. Companies may also claim relief from corporation tax on Gift Aid donations to the Christ Church Community Appeal.
Please contact us to find our more about how to donate to the Appeal.