gift-aid


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gift-aid

vb
a. to increase the value of a charitable donation by using the Gift Aid scheme: Payments can be gift-aided if the donor is a standard-rate taxpayer.
b. (often foll by it) to make a donation under the Gift Aid scheme
c. (tr) to donate goods under the Gift Aid scheme; the charity may then reclaim basic rate tax on the declared value of the donated goods: The equipment can be gift-aided and we can write off the costs.
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References in periodicals archive ?
Celebs including Angus Deayton and David Bad-diel are alleged to have made big profits through the gift-aid tax incentive.
Stars including Angus Deayton and David Baddiel are alleged to have made huge profits by milking the gift-aid tax incentive.
Taxpayers can gift-aid their donation to ensure that any tax on the gift is paid directly to charity without the need for a claim.