| Providing you are a taxpayer tax relief is available for
donations to charities. The main method of giving is through the Gift Aid Scheme.
1. The scheme replaces the old Deed of Covenant.
2. For every pound donated to the charity under the scheme the
charity can claim an additional 28p from the Inland Revenue.
3. There is no minimum level of donation.
4. The scheme can apply to one off donations or regular giving.
5. The giving can be done by telephone or over the Internet. The
only details which the charity needs to record are the name and address of the
donor.
6. If the donor a higher rate tax payer then additional tax relief
is given to the donor.
The claims procedure is quite straightforward and involves submitting
regular claims.
This organisation acts as a charity bank. Payments into an individual's CAF bank
account are paid net by the taxpayer and CAF claim the tax relief from the Inland
Revenue. This tax relief is credited to the individual's personal CAF account.
Cheques or credit card donations can then be made gross from the CAF account to
the specific charities to which the individual likes to make donations.
CAF have a website which is www.allaboutgiving.org
If you would like further information on this then why not
give us a call and save tax on your giving as well.
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