Gift Aid

Increase the value of your gift at no cost to you!

Gift Aid makes it possible for BIBTF to reclaim 25p of tax for every £1 donated by UK taxpayers from taxed income.  In addition the Government will pay BIBTF 3p on every £1 donated under Gift Aid between 6 April 2008 and 5 April 2011.

Are you a Higher Rate tax payer?

Further savings are made by higher rate tax payers, as donations under Gift Aid also significantly reduce their tax liability.

There is growing evidence that a high proportion of higher rate tax payers who make gift under Gift Aid are not claiming the additional tax relief that they are entitled to.

By giving details of the Gift Aid payments in or with your Self Assessment Tax return, you are entitled to tax relief (often this result in a personal repayment to you the donor) equivalent to the difference between the higher rate of tax you have paid on your income and the basic rate of tax reclaimed by the charity.  This is calculated on the ‘gross amount’ of the gift.

For example, a donor gives £800 to charity during the tax year 2009/10.  That ‘grosses up’ (at a basic rate of 20%) to £1,000 and the charity reclaims tax of £200 (£1000 x 20%).  But YOU can also claim relief of 20% (40% higher rate tax less 20% basic rate) on the £1,000 gift giving rise to a potential refund of £200.

Click here to view and complete a Gift Aid Declaration form.

For information about Making a Donation please click here.