This is a way for charities to increase the value of monetary gifts – in our case – subscriptions – from taxpayers by claiming back the basic rate tax paid by the donor. It can increase the value of donations by a quarter at no extra cost to the donor. Also HM Revenue and Customs will pay the charity an extra 3p to every pound. So when paying your subscriptions we would appreciate you ticking the appropriate box to enable the BLS to claim.
What is Gift Aid?
Gift Aid is a government incentive which will help the British Lymphology Society increase the value of your subscription / donation at no cost to you. At current rates, for every £1 you donate, we can claim an additional 25p from the Inland Revenue. This will make a huge difference to the Society.
How do I Gift Aid my subscription / donation?
All you have to do is to tick the ‘Yes’ box at the bottom of the front page and enter the date which confirms that the British Lymphology Society can claim back tax on your membership subscription or donation. You only have to do this once and then the British Lymphology Society can claim back tax on this year’s subscription / donation and any future year’s payments until such time you advise us that you wish to cancel.
Does this affect my tax status?
No. As a tax payer any donation you make to the British Lymphology Society has already had an element of tax removed from it, usually by way of income tax. What the Gift Aid scheme does, is acknowledge this fact and give back some of that tax as a boost to your payment.
I don’t pay tax, can I still sign a declaration?
No, unfortunately you cannot. You must be a UK tax payer to allow the British Lymphology Society to Gift Aid your subscription or donation.
Do I have to tell the taxman about this?
Only if you are asked to complete a self-assessment tax form by the Inland Revenue.
How do I cancel a declaration?
All you need to do is drop us a line telling us you wish to cancel your declaration.
Do company payments / donations qualify for Gift Aid?
No. Charities can no longer reclaim tax on company donations. However, companies can now claim all charitable donations as a deduction from their taxable profits. In the past this was restricted to certain types of donation.
How will the British Lymphology Society benefit?
For every £1 you pay, we can reclaim 25p so the British Lymphology Society will receive £1.25. Therefore on an individual membership rate of £50, we can reclaim £12.50 and will therefore receive £62.50 which will make a huge difference to the Society.