About Gift Aid: making your donation tax-efficient
If you are a UK taxpayer, paying income tax and/or capital gains tax, you can make your gifts worth almost 30 per cent more, at no extra cost to you. For every £10 donated, Iraqi Association id can claim an extra £2.82 from the Inland Revenue, making your gift worth even more to the Iraqi Children that Iraqi Association supports.
How do I know if I pay enough tax to qualify?
As long as you pay enough tax in the year to match the tax that Iraqi Association claims back, your donation will qualify. For example, if you donate £100 in the current tax year, Iraqi Association could claim back £28.21 from the Inland Revenue. To qualify for Gift Aid you must have paid £28.21 over the course of the year.
Do I still qualify if I pay the higher rate of income tax?
If you pay tax at the higher rate of 40 per cent, Iraqi Association can still only reclaim tax at the basic rate of 22 per cent. The benefit to IraqChild Project works out at slightly more than 28p for every £1 you give. If you wish, you can reclaim the remainder on your tax return.
Do I still qualify if I pay the lower rate of income tax?
If you pay tax at the lower rate of 10 per cent, Iraqi Association can still reclaim tax at the standard rate of 22 per cent. The benefit to IraqChild Project works out at slightly more than 28p for every £1 you give. You must have paid enough tax in this tax year for Iraqi Association and other charities to reclaim.
I pay capital gains tax. Can I still Gift Aid my donations?
Yes. The rules for capital gains tax, which are applied to unearned income such as interest from savings, are the same as they are for Income Tax.
What if I no longer want Iraqi Association to claim back the tax on my donations?
Just let Iraqi Association know and we will make sure that tax is only reclaimed on gifts up to the date you contact us. Call 020 8741 5491 or e-mail info@iraqiassociation.org
What if I move house?
Please let Iraqi Association know if you move house or any of your details change, to help us keep records up-to-date. E-mail info@iraqiassociation.org
What if the amount of tax I pay changes?
As long as the total amount of tax you pay each year is more than or equal to the tax that Iraqi Association and other charities reclaim, currently 28p for every pound given, your gift will still qualify for Gift Aid. If you stop paying tax, please let Iraqi Association know and we will cease reclaiming tax on your donations from the day you contact us. Please email info@iraqiassociation.org
You can download and print out the Gift Aid form fill it in and sign it, and send it to us at the address below (Do not send it to your bank!). We'll do the rest.
IraqChild Project
FREEPOST NAT 21599
London W6 9BR
