Gift Aid Information
1. This declaration applies to donations by an individual, which are treated as made net of basic rate tax. If you are making the donation through a company, it is not necessary for it to make any written declaration although you may still find it convenient to use this form. A company should make the payment including corporation tax and the whole payment is deducted when you work out the company’s profits for corporation tax purposes. Special rules apply if the company has no corporation tax liability in that year as to how any donation can be treated. You should consult your accountant or the Inland Revenue office for further details.
2. If your declaration covers donations you may make in the future, please notify The Maxwell at Glenlair Trust if you change your address while the declaration is still in force.
3. You can cancel the Declaration at any time by notifying The Maxwell at Glenlair Trust.
4. To be effective, you must be liable for an amount of UK Income Tax and/or Capital Gains Tax at least equivalent to the tax the trust reclaims on your donations in the relevant year.
5. If you pay tax at the higher rate you can claim further tax relief via your Self-Assessment tax return.
6. If you are unsure whether your donation will qualify for Gift Aid tax relief,
The Maxwell at Glenlair Trust may be able to advise. Or you can ask your
local tax office for leaflet IR1113 Gift Aid.
Please see follow this
link for more information.
