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Gift Aid increases the value of donations to charities by allowing them to reclaim basic rate tax on your gift. If you pay higher rate tax you can also claim extra relief on your donations.
The scheme is for gifts of money by individuals who pay UK tax. Donations are regarded as having basic rate tax deducted by the donor, and charities can take your donation - which is money you've already paid tax on - and reclaim the basic rate tax from HM Revenue & Customs (HMRC) on its 'gross' equivalent - the amount before basic rate tax was deducted.
With a basic rate tax of 20 per cent, this means that if you give £10 using Gift Aid, it's worth £12.50 to the charity, or if you give £100 the charity will benefit by an amount of £125.
You can find out more about he Gift Aid scheme by visiting the HM Revenue & Customs website.
To allow us to take advantage of Gift Aid, you need to submit a Gift Aid Declaration. You can do this by completing the appropriate section of the paper donation form, or by sending us a declaration email. This email must include: your name; your address (including your town and postcode); your email address; the amount of your recent donation; and a statement saying "I request that all gifts of money that I have made to Heart of Asia in the past 4 years, and all future gifts of money that I make from the date of this declaration, be treated as Gift Aid donations".
If you wish to cancel this declaration; you change your name or home address; or you no longer pay sufficient tax on your income and/or capital gains to allow you to take advantage of gift aid, please contact us by email.
If you pay Income Tax at the higher rate, you must include all your Gift Aid donations on your Self Assessment tax return if you want to receive the additional tax relief due to you.