What is Gift Aid?
Gift Aid is a method whereby you can give a sum of money and the church can reclaim from HM Revenue and Customs the basic rate of tax on the donation. It provides a great opportunity for donors to increase the value of their donations to their church by 25%. For example, for every £100 given through Gift Aid this increases in value to £125.
Subject to a few simple rules, donors can give any amount, large or small, regularly or one-off and tax can be reclaimed. Everyone who pays tax on any income, whether that is through savings, dividends or capital gains can use the Gift Aid facility.
To Gift Aid a donation requires the donor to complete a simple form providing a name, address and confirmation that he or she is a tax payer. That’s it! The church will reclaim the amount from HM Revenue and Customs
More information about using Gift Aid for your parish can be found on the Parish Resources website http://www.parishresources.org.uk/ by clicking here, or by contacting Stephanie Rankin firstname.lastname@example.org
Changes to Gift Aid Declarations Announced October 2015
HM Revenue and Customs have changed the wording for the Gift Aid declaration. There is no need to get declarations re-signed, but any declarations that are signed on or after 6 April2016 will need to have the new wording. Click Here for more information and to access the appropriate wording from the Parish Resources Website http://www.parishresources.org.uk/ or here for information on HM Revenue and Customs’ website.
Existing stocks of Gift Aid Envelopes following the change to the declaration announced in October 2015
You may have read that the change to the Gift Aid Declaration would also mean that existing stocks of Gift Aid envelopes would need to be replaced by 6 April 2016. However, following a successful campaign by “Envelope Systems”, HM Revenue and Customs are now relaxing the deadline on using up existing stocks of Gift Aid envelopes. If you hold a stock of these, then provided they were ordered and printed before the new Gift Aid declarations were published on HMRC’s website (21 October 2015), then you can continue to use up your existing stock after 6 April 2016.
However, HM Revenue and Customs still recommend that charities introduce the new wording by April 2016 to reduce the number of non-taxpayers that currently complete Gift Aid declarations.
Please Click Here for more information about this on the Parish Resources website or here for information on HM Revenue and Customs’ website.