| Q1. How can I increase my donation
(or sponsorship) at no extra cost to myself?
A1. Confirm that you wish to make
your donation (or sponsorship) under giftaid.
Q2. How do I confirm that I
wish to make my donation (or sponsorship) under giftaid?
A2. Complete your name, address
and amount you are donating (or sponsoring) and then just tick the giftaid column on the
swf Swimarathon sponsor form.
Q3. Why, what happens when I tick
the Giftaid Box?
A3. With your agreement to donate
(or Sponsor) under giftaid The Rotary Club of South Woodham Ferrers, (which is a
registered Charity), can then reclaim 22/78ths of your donation from the
Inland Revenue. This is in addition to the donation or (sponsorship)
which you have made.
Q4. Who is eligible to make Giftaid donations (or sponsorship). Can all sponsors make Giftaid Donations
(or sponsorship)?
A4. Only Individuals who are tax
payers and who will pay an amount of income tax or capital gains tax, in
the tax year, at least equal to the tax to be reclaimed on their
donation (or sponsorship).
Q5. What happens if I am a Higher
rate taxpayer?
A5. Donors (or sponsors) who are
liable to the higher rate of tax of 40% can also claim the difference
between the standard rate of 22% and the higher rate of 40% i.e. a further
18% relief would be available on the grossed up amount. To claim the
higher rate relief the taxpayer would have to complete the appropriate
section of their tax return. |
