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DONATIONS MADE BY INDIVIDUALS
The Finance Act 2000 introduced tax breaks on gift aid donations from individuals.The minimum limit on gift aid donations has been abolished. This means that for every £1 you donate, the Cancer Appeal will receive an extra 28p from the Government.
Providing you tick the the box, your generous donation will be increased by the equivalent of basic-rate taxation.If you are a higher-rate taxpayer you will probably benefit by the difference between higher-rate tax and basic rate tax by declaring this gift aid donation on your tax return. Thus, in the tax year 2005/2006 you will receive tax relief at 18% on the donation
by completing Q15a of your tax return. Alternatively you can now donate all or part of any repayment of tax directly to this charity by completing Q19a of your tax return. The charity code is XN89108.
To print out Personal Donation Form please click here
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DONATIONS MADE BY COMPANIES
If you are a company, you no longer have to deduct tax from your donation. Thus, the payment is actually paid gross, so the Cancer Appeal will not reclaim any tax. Your company will obtain tax relief by declaring this Gift Aid payment as an allowable deduction on its corporation tax return. As many corporate givers see donations in cash terms, without taking into account the corporation tax effect, we request that donations be increased to compensate for the fact that the Cancer Appeal cannot return any tax but your company will receive full corporation tax relief.
Businesses requiring a more detailed pack of information about the project please contact the Appeal Office.
To print out Business Donation Form please click here
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