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Gift aid enables a club to get a tax rebate of £25 for every £100 donated by an individual who pays UK income or capital gains tax.Only clubs registered as CASC's or charities qualify for gift aid tax rebates on individual donations. Sponsored walks, swims , runs and other activities can also qualify.The donor must pay sufficient tax to cover all gift aid tax rebates on his/her donations made in the tax year. Instead of gifts for a birthday or anniversary party qualifying donations could be requested to the individual's nominated CASC.Gifts of money with no or token benefits given in return to the donor qualify not gifts of goods or services. Volunteer expenses incurred for the benefit of a CASC and not charged to it by the volunteer do not qualify for gift aid.
Donors must complete a gift aid declaration and provide this to the club for record keeping purposes.
These must be available for HMRC's inspection if requested.
Please see here for the link to the declaration forms.
Tax repayment claims are usually made on line after the CASC registers for HMRC's online services and are paid promptly. Online Giving Providers, for example BT My Donate, Virgin Money and Just Giving (amongst others) allow your members and supporters to give online by setting up a Fundraising page in order to collect your donations in a simple and easy to manage way.
It costs you absolutely nothing but different Providers charge varying fees.