Gift Aid

* based on 2010/11 rates.

What is it?
Gift Aid allows charities to reclaim the basic rate of tax on donations received from UK taxpayers. As long as you are a taxpayer, all you have to do is give you a simple Gift Aid declaration (see below) . A single Gift Aid declaration can cover any number of donations from you, applying to future donations and to donations received over the past six years. Imagine what a difference this could make to Trinity!

Higher rate taxpayers
If you pay tax at the higher rate of Income Tax, currently 40%, you can also claim tax relief for yourself at 20% of the gross donation, or 25p for every £1 they give through Gift Aid. 20% is the difference between the basic rate of Income Tax (20%) claimed by us and the higher rate (40%) paid by you.
If you complete a tax return, the tax relief can be claimed by entering the donation in the relevant section of your tax return (currently section 19A). You may receive a Tax Review form (P810) on which you can make a claim. Otherwise you can get in touch with the tax office that handles your affairs. Some claims can be dealt with over the telephone.

Who is eligible?
For a donation to qualify for Gift Aid, you must be a UK taxpayer. You must pay enough Income Tax or Capital Gains Tax in the same year to at least equal the amount of tax that the Trinity Sailing Trust (TST) will reclaim from Her Majesty’s Revenue and Customs (HMRC) in respect of our donations.
A tax year runs from 6 April to the following 5 April. TST will claim 25p for every £1 given. So, if you give Trinity £100 in a tax year, you must have paid at least £25 in tax (the same amount TST will claim). It does not matter at what rate you pay tax – it could be 10%, 20% or 40%. It could be tax deducted from bank or building society interest or the tax credit on dividends. What matters is that the amount of tax you pay in the tax year at least equals the amount of tax TST will claim.

Gift Aid Form

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