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When St. Anne's Church receives a donation from a UK taxpayer, we are entitled to claim an amount of tax (calculated at the basic rate of income tax in that tax year) paid on that donation. Once you have given your permission for us to do this on your behalf (by filling in this 'Gift Aid Declaration Form'), there is no need for you to do anything else. All that is required is that the amount of tax you pay in a given tax year is at least equal to the amount of tax claimed by St. Anne's Church in that same year, even if this is paid in the form of lower rate (10%) income tax. In addition, because this amount is calculated over the whole tax year, there isno requirement that tax is paid regularly it is purely a question of how much has been paid in the tax year as a whole. Capital gains tax is equally applicable as income tax. The amount of tax we will claim will be around 28% of the total value of your donations in that tax year. Furthermore, if you are a higher rate taxpayer, you are also entitled to claim the difference between the standard rate which we will claim and the amount of tax you have actually paid. For further details on how you can do this, please contact your tax office. If your tax situation changes and your gifts will no longer be eligible for the Gift Aid scheme please contact us and we will amend your record accordingly.
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