Monday 13th June 2016

Gift Aid

Gift Aid is an income tax relief that benefits charities and community amateur sports clubs
More for charity - If you donate money to either type of organisation, they can claim an extra 25p from the government for every £1 you give.
Less tax for you - For higher or additional rate tax payers, you can then also claim a further 25% of your donation from HMRC. For example, if you donate £100, the charity claims an additional £25 and your tax bill is reduced by £25.
You can also claim tax relief on donations you make in the current tax year. For example, if you make a donation in June 2016 (tax year 2016/17), you can claim gift aid on your 2015/16 tax bill - so it may be worth waiting until later in the year to file your SA return if you make significant donations.
Most charities will ask you to complete a form - all they need is your name and address.
You must have paid tax (Income or Capital Gains) of at least 4 times the amount of your donation for gift aid to be claimed.


We will link your business bank account to Xero software. All your income and expenses will feed directly in to Xero. This saves you time in preparing your year end paperwork, and you can even store your documents in Xero