| News and updates | Registered Charity No: 1105806 |
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Gift Aid applications Submitted by: Steadfast news correspondent, 15th May 09
Any charity can register for Gift Aid. Gift Aid allows individuals who are subject to UK income tax, to complete a simple, short declaration that they are a UK taxpayer. Any cash donations that the taxpayer makes to the charity after making a declaration are treated as being made after deduction of income tax at the basic rate, and the charity can reclaim the basic rate income tax paid on the gift from HMRC. So, for example, from 2009 onwards a £400 Gift Aid donation provides £500 to the Steadfast Trust. |
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