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What?
Through Gift Aid, The
Kilworth Challenge can now reclaim tax relief on
money
donated from UK taxpayers. Through Gift Aid, the tax man
treats donations
as if you, the donor, have already deducted basic rate tax
from them.
This tax relief increases the value of your donation
significantly! However, in
order to benefit, donors must provide us with a Gift
Aid declaration, detailing
their name, address, and confirmation that they have paid
enough UK tax to
cover the tax we reclaim.
Under the Gift Aid scheme, we can claim an
extra 25% in tax on every eligible
donation by a UK tax payer. Additionally, and for this year
only, the government
will also give us an extra 3% on all eligible
donations, and without affecting your
tax position.
How?
We work with
JustGiving to reclaim the extra 25% tax.
JustGiving automate the
process of Gift Aid, so that every donation is worth more to
us and costs less to
process.
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