Gift Aid
If you are a UK tax payer, you can make a Gift Aid declaration which will enable us to reclaim the tax you have paid on your donation
(currently equivalent to 28p on each pound you donate).
You must pay in total an amount of tax at least equal to the amount of tax we will reclaim on your donation. You can cancel your
Gift Aid Declaration at any time by notifying us.
If you are a higher rate taxpayer, you will also receive a deduction from the higher rate tax you have to pay, for example :
- Donation paid by you£20.00
- Tax recovered by The Passage
- Income tax£5.00
- Temporary gift aid top up relief0.64
- Total tax recovered£5.64
- Reduction in higher rate tax if applicable£5.00
- Net cost to you if you are a higher rate tax payer£15.00
How you can make your donations under Gift Aid is explained above.