Would you like to join?Membership Subscriptions (due annually 1st April)£8.00 Single member £12.00 Two members at same address £1.00 Under 18 Membership Form Bank Standing Order Mandate and Gift Aid Declaration 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 (22% in 2006/7), and the charity can reclaim the basic rate income tax paid on the gift from HMRC. For a basic-rate taxpayer, this adds approximately 28% to the value of any gift made under Gift Aid. Higher-rate taxpayers can claim income tax relief, above and beyond the amount claimed directly by the charities. The rate of the relief for higher-rate taxpayers in 2006/7 is usually 18%, the difference between the basic rate (22%) and the higher rate (40%) of income tax, although recipients of savings income (taxed at 20% and 40%) and dividend income (taxed at 10% and 32.5%) can achieve higher rates of tax relief (20% and 22.5%, respectively). |