Increase your donations by almost a third with Gift Aid!
Amanda has managed to claim back over £500,000 in Gift Aid for Help for Heroes!
If you have any questions about completing the form or Gift aid in general,please do not hesitate to contact Amanda at Amanda@helpforheroes.org.uk
Please note Gift Aid boxes are included on all our Help for Heroes Sponsorship forms.
What is Gift Aid?
The Gift Aid scheme, introduced by the Government in April 2000, is very simple. If someone signs up to Gift Aid when making a donation there are a couple of things to clarify:
• Gift Aid only applies to donations made by UK tax payers who pay more than the amount of UK tax in the tax year that the claim is being made.
• A donation is literally ‘a donation’ ie nothing can be received in kind in exchange for the donation. Therefore we cannot claim ticket sales as donations as the donor is receiving someting in kind in return for the donation.
• Help for Heroes can reclaim the Income Tax or Capital Gains Tax paid on donations.
•Help for Heroes claims back tax at the basic rate. This is equivalent to 25p for every £1 donated. This makes it possible to increase your sponsorship/donations by almost a third, at no extra cost to you or to them! Your sponsor must have paid Income Tax or Capital Gains Tax in the UK, equal to the amount of tax that will be reclaimed, to qualify for Gift Aid.
HMRC will add a further 3p per pound donated to each Gift Aid donation as part of a program of transitional relief in operation until 5th April 2011 – so we will get back 28p for every pound you have donated!
For further help and advice on Gift Aid, you can contact the Inland Revenue Charity helpline on 0845 3020203 (option 3), which is open from 8.30am to 6.00pm, Monday to Friday.
Gift Aid Declaration: "I would like Help for Heroes to reclaim the tax on this donation. I have paid UK Income and/or Capital Gains Tax equal to the tax that will be reclaimed" (as stated above – currently we will receive 28p for every £1 you give).
Don’t forget to ask your sponsors to tick the box on your sponsorship form!
