Information AboutGift Aid |
| CATEGORIES ABOUT GIFT AID | |
| taxation in the united kingdom | |
| charities | |
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The scheme was originally introduced in 1990 and substantially revised from 6 April 2000 . It allows individuals to complete a simple, short declaration that they are a UK taxpayer, which allows the charity to reclaim the value of the tax that they have paid on the gift from the Inland Revenue . For a basic-rate taxpayer, this adds an extra 28 per cent to the value of any gift. Higher-rate taxpayers can also reclaim the tax that they have paid on gifts, above and beyond that claimed directly by the charities. EXTERNAL LINKS
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