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Gift Aid

Gift Aid is a tax relief that enables tax-effective giving by individuals to charities in the United Kingdom. The Church is registered with the Charity Commission meaning that individuals who are subject to UK income tax can allow the Church to claim back the tax paid on their donations.

To do this individuals need to complete a simple, short declaration which states that:-

"I confirm I have paid or will pay an amount of Income tax and/or Capital Gains Tax for each tax year (6 April to 5 April) that is at least equal to the amount of tax that all the charities or Community Amateur Sports Clubs (CASCs) that I donate to will reclaim on my gifts for that tax year. I understand that other taxes such as VAT and Council Tax do not quality. I understand the charity will reclaim 25p of tax on every £1 that I give on or after 6 April 2009."

Any donations that the taxpayer makes to the Church after making a declaration are treated as being made after the deduction of income tax, and the Church can reclaim the income tax paid on the donation from HMRC.

Please contact the UK Gift Aid department for more details giftaid@ldschurch.org

Or call 0207-838-1995 (UK national rate phone number).

Note that to use Gift Aid you must first have completed and submitted a Gift Aid Declaration form, which you get from giftaid@ldschurch.org

Please also note that for legal and tax purposes all Gift Aid donations go into a different bank account than the one normally used by wards and branches in the UK. Please only get the latest version of the official forms from the Gift Aid Department to ensure that the correct bank account details are used, and is also used as your bank/customer reference.

If you choose to donate using Gift Aid you need to quote your membership record number (MRN) in full as your reference e.g. if your MRN is 008-1234-1234, it is represented on the Gift Aid forms and on any standing orders as: 008-1234-1234.

A Gift Aid worksheet has been prepared that helps calculate the value of the donation taking into account the tax rebate that will be credited to tithing.

Rate

Gift Aid is claimed at the basic rate of tax, currently 20% for the 2012/2013 tax year.

See also

NOTE

  • Please do not amend or change this page. If you need to amend this page, please email us at giftaid@ldschurch.org

External links

This page was last modified on 6 December 2013, at 04:54.

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