Find out everything you need to know about Gift Aid.
1. What is Gift Aid?
Gift Aid is a simple way to increase the value of your gift to Interpal – at no extra cost to you. If you pay tax in the UK, Interpal can reclaim the basic rate tax (25%) on your gift. So, if you donate £100, it is worth £125 to Interpal.
2. Do I qualify for Gift Aid?
In order for Interpal to reclaim the tax you have paid on your donations, you must have paid income or capital gains tax (in the UK) for each tax year (6 April to 5 April) at least equal to the tax that all the charities or Community Amateur Sports Clubs that you donate to will reclaim on your gifts for that tax year. Other taxes such as VAT and Council Tax do not qualify.
3. How do I sign up to Gift Aid?
The process is simple – all you have to do is make a Gift Aid declaration. If you are donating online, just tick the Gift Aid box on the donation form. If you donate in an Interpal Shop, there is a simple form to sign. Or contact us on 020 8961 9993 and we’ll send you a form through the post.
4. What does the Gift Aid declaration commit me to?
Nothing! It just ensures that if you choose to donate to Interpal, we can claim an extra 25% back from the government.
5. What is a Gift Aid declaration?
A Gift Aid declaration is a statement by an individual taxpayer that they want a charity to receive the tax paid on their donation back from the government.
6. How long does the declaration last for?
To simplify matters for both you and Interpal, the declaration wording normally covers present, future and past donations. We can back-claim four years and we will continue to claim until you tell us otherwise, so long as you are eligible.
7. What do I do if I my tax status changes or I want to cancel my declaration?
To let us know if you stop paying tax or wish to cancel your declaration, please use our enquiry form or call us on 020 8961 9993.
8. Can I claim Gift Aid on the funds I have raised?
To claim Gift Aid on your fundraising, we must have the first name or initials, last name, full home address and postcode of each individual donor/sponsor. So please encourage them to tick the Gift Aid box on your sponsorship form when they sponsor you. Without these details we legally can’t claim Gift Aid – so be strict with your supporters!