Gift Aid


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Gift Aid

or

Gift-Aid

n
(in Britain) a scheme which allows charities to reclaim the basic rate of tax on donations made by taxpayers, increasing the size of the donation. Higher rate taxpayers can also claim tax relief on their donations
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References in periodicals archive ?
Now MPs have criticised JustGiving and say it ought to waive the fee, which it takes from gift aid - a tax refund on each donation.
In the last few years I have supported a number of charities using the Gift Aid scheme.
M2 EQUITYBITES-November 13, 2015-25th birthday of Gift Aid celebrated
Gift Aid is a scheme provided by the government to help charities make the most of the donations given to them by donors who support with either cash or goods.
Tracey Woods, the manager on duty, managed to trace Miss Richardson through her gift aid receipt and now is trying to trace the couple to pass on a small thank you gift.
UNDER the Gift Aid scheme, donations to charity are deemed to have had basic rate tax relief deducted by the donor.
HM Treasury revealed on Monday that the Gift Aid model declaration form is to be improved by the government in an effort to stop charities losing out on potentially billions of pounds of Gift Aid.
Corporation tax avoidance costs our country billions a year but let's do the poor kids who serve and clean the tables Can they at least claim gift aid on these tips, Mr Osborne?
Cybertill's services resulted in a number of benefits for the hospice, such as increasing gift aid revenues by 20%, an increase in average basket value in-store and delivering a quicker than expected return on investment.
A second report flags up concerns about HMRC's monitoring of the gift aid system, warning of "scope for individuals and companies to try to exploit loopholes".
UK Income Tax payers are urged to complete a Gift Aid certificate for their subscriptions and other donations.
All past and future donations made to the campaign will qualify for Gift Aid.