Backdating gift aid

That increases the value of the gift you make to the charity.So for example, if you give £10 using Gift Aid in 2014/15 that gift is worth £12.50 to the charity.You can pay membership subscriptions to a charity through Gift Aid, provided any membership benefits you receive do not exceed certain limits.The current limits on the value of benefits received relative to donations are: There is an overriding limit on the value of benefits received by a donor in a tax year as a consequence of donations to a charity, which is £2,500.The declaration can be in writing or orally but, usually, the charity will provide a written declaration form.You do not have to make a declaration with every gift.UK charitable tax reliefs are available to certain organisations which are the equivalent of UK charities and Community Amateur Sports Clubs (CASCs) in the EU, Norway and Iceland.

The qualifying overseas charities benefit from the same UK tax exemptions and reliefs as UK charities.If you pay tax, Gift Aid is a scheme by which you can give a sum of money to charity and the charity can normally reclaim basic rate tax on your gift from HMRC.


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