Gift Aid is a quick and easy way to make your donation go even further. Here’s a quick summary of how it works.
How does Gift Aid work?
All qualifying donations made to charity by UK taxpayers may be eligible for Gift Aid. By making a donation to the Trust using Gift Aid, we can reclaim the basic tax rate on your gift, making your money go further.
The basic tax rate is 20%, meaning that if you give £10 to the Scottish Wildlife Trust using Gift Aid, your donation is worth £12.50 to us. In other words, for every £1 you give, we can reclaim an additional 25p from HMRC at no extra cost to you.
Please note, you must have paid at least as much Income or Capital Gains tax in the tax year to cover the amount that all charities and and Community Amateur Sports Clubs you donate to, including the Scottish Wildlife Trust, will claim back in that year. Council tax and VAT do not qualify.
How can I make a donation using Gift Aid?
In order to make a donation using Gift Aid, you will need to complete a Gift Aid declaration. This form covers every gift you make to the Scottish Wildlife Trust for however long you choose, and can also include any donations you have already made over the past four years.
The Gift Aid declaration must include:
- Your full name
- Your home address, including postcode
You can also use Gift Aid for joint donations. This is important if you are both tax payers and have a joint membership as it allows us to claim Gift Aid on subscriptions and donations gifted by either partner.
How can I check if I’ve paid enough tax to qualify?
To qualify for Gift Aid, you must have paid at least as much Income and/or Capital gains tax in the tax year (6 April to 5 April) to cover the amount that the Scottish Wildlife Trust and all charities and Community Amateur Sports Clubs (CASC) you donate to, will claim back. Council Tax and VAT do not count. To work out if you’ve paid enough tax to cover your donations, divide the donation value by four.
For example, if you’ve given £100 to all charities and CASCs you support in the current tax year (and are a basic rate tax payer), you will need to have paid £25 tax over that period. If you don’t think you’ve paid enough tax, you may be able to carry back your donation to the previous tax year. See the HMRC website for more details.
What happens if I’m a higher rate taxpayer?
If you pay higher rate tax, you can claim back the difference between the higher rate of 40% or 50% and the basic rate of 20% on the total ‘gross’ value of your donation.
For example, if you donate £100, the total value of your donation to the Trust is £125. This means you can claim back £25 if you pay tax at 40 per cent (£125 × 20%), or £37.50 if you pay tax at 50 per cent (£125 × 30%). You can make this claim on your Self Assessment tax return, or visit the HMRC website for further information.