GIFT AID

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Gift Aid is a government scheme that allows UK charities to claim extra money on  donations, at no extra cost to the donor. 

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As St Ives Arts Club is a registered charity, we are able to take advantage of the Gift Aid scheme. This means we can reclaim tax paid on certain payments we receive and 'Membership Fees' fall into this category.

If you pay UK tax, we are able reclaim a further 25% of the membership fees, you pay to us, from HMRC. 

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Please find below a further explanation of 'Gift Aid' and a link to a simple online declaration. If you need further information or help with the online form, then please ask.  Please email - stivesartsclubbooking@gmail.com

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​How Gift Aid Works

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When you donate £1 to a charity, they can claim an extra 25p from the government. Your £1 becomes £1.25 for the charity.

This works because you have already paid tax on your income and the charity is allowed to reclaim that tax.

With your agreement we will also reclaim gift aid on any payments you have made in the past 4 years and all of your future payments.

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Why is Gift Aid an extra 25%, if the charity is claiming back 20% tax?

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This is down to a quirk of how the Gift Aid scheme works. The charity is allowed to claim 20% of the pre-tax amount you earned to make that donation.

So to donate £100 from your post-tax income, you would have needed to earn £125 before tax (since 20% of £125 is £25).

The charity then claims 20% of that pre-tax £125, which is £25.

And voilà, that £25 is 25% of your original £100 donation!

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In other words, your membership subscription payment of £50 can be worth  £62.50 to St Ives Arts Club, if you agree to Gift Aid the amount.

 

​What You Need to Do

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• Be a UK taxpayer (Income or Capital Gains Tax).

• Sign the  Gift Aid declaration, by clicking the Gift Aid Declaration box below.

• Make sure you have paid enough tax to cover the amount the charity will reclaim.

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A Gift Aid declaration can be made verbally, so if you have any problems with the online form, please let us know and we will complete it for you. 

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(you do not need to sign the document with a wet signature - typing your name and address on to the form is sufficient)

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Bonus for Higher-Rate Taxpayers

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If you pay more than the basic rate of tax:

You can claim back the difference on your Self Assessment tax return.

Example: You donate £100, the charity gets £125, and you can claim back £25 if you're a 40% taxpayer.