Make sure you Gift Aid it!
The CRC is registered with Gift Aid. This means that the charity can reclaim tax at the basic rate on all gifts donated – so for every £1 that you donate, the tax can be reclaimed so the CRC receives £1.25.
Gift Aid scheme is for gifts of money by individuals who pay UK tax. Gift Aid donations are regarded as having basic rate tax deducted by the donor. Charities or CASCs take your donation – which is money you’ve already paid tax on – and reclaim the basic rate tax from HM Revenue & Customs (HMRC) on its ‘gross’ equivalent – the amount before basic rate tax was deducted. Basic rate tax is 20 per cent, so this means that if you give £10 using Gift Aid, it’s worth £12.50 to the charity.
How to make a donation using GiftAid
In order to make a Gift Aid donation you’ll need to make a Gift Aid declaration. The charity will normally ask you to complete a simple form – one form can cover every gift made to the same charity or CASC for whatever period you choose, and can cover gifts you have already made and/or gifts you may make in the future.
A Gift Aid declaration must include:
your full name
your home address
the name of the charity
details of your donation, and it should say that it’s a Gift Aid donation