Gift Aid explained
What is Gift Aid?
Gift Aid is a simple way to increase the value of your gift to Living Paintings – at no extra cost to you. If you pay tax in the UK, Living Paintings can reclaim the basic rate tax (25%) on your gift. So, if you donate £100, it is worth £125 to Living Paintings.
Do I qualify for Gift Aid?
In order for Living Paintings 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.
Higher rate taxpayer?
If you are a higher rate taxpayer, you can claim the difference between the basic rate and the rate you pay. For more information of to www.gov.uk/donating-to-charity/giftaid.
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; or alternatively download the Gift Aid declaration form here, or contact us on 01635 299 771 and we’ll send you a form through the post.
What does the Gift Aid declaration commit me to?
Nothing! It just ensures that if you choose to donate to Living Paintings, we can claim an extra 25% back from the government.
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.
How long does the declaration last for?
To simplify matters for both you and Living Paintings, 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.
What do I do if my tax status changes or I want to change 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 01635 299 771.
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!