Raising money to charity as a group

sophlowe45

Hi

We want to raise money for a particular charity as a group of people....how can we make sure we meet the rules for Gift Aid as we will be giving the money to the charity rather than people donating money to the charity itself....

will we have to get some standard gift aid forms and get everyone who donates to fill one in?


"Those people paying tax at the higher 40% rate are able to reclaim the extra 18% tax they've paid for themselves on top of this, so on £50 that's another £11.50. However, the tax self-assessment form does also include a note of charity gifts so higher rate taxpayers can choose to donate this extra tax to charity too."

But as the paragraph above is done later how can we ensure that we can give all the money to the charity rather than giving some and then the people who have donate do their tax self-asessement next year...

i know we need to obtain the person's name, address and declaration that they're a UK taxpayer...

Thanks for any help!!

oldtoolie

It's simple. You need a form with a Gift Aid declaration and space for donors to write name, address, amount given and a tickbox to indicate Gift Aid eligibility. Your charity may have these already or you can see the one I made for my charity at http://www.tfsr.org/publications/donations and open the PDF Group Donation Gift Aid Form which you are welcome to copy. The charity can send these forms with a cover form directly to HMRC for a Gift Aid claim, no need to recopy.

Gift Aid gives the charity the basic tax paid by the donor. High rate payers get a rebate for the remaining tax on charitable donations when they file their Self Assessment. If they want that to go to the charity, they should increase the original donation. There is a new scheme where you can give tax overpayments to charity but it isn't directly related to Gift Aid.

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Larry Boyd
Tools for Self Reliance
https://www.tfsr.org
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Thanks to MSE for making TFSR one of your charities of the year

oldtoolie

Me again. Another thing. The HMRC has a sample form called Model Gift Aid Sponsorship Declaration Form at http://www.hmrc.gov.uk/charities/forms.htm

Larry Boyd
Tools for Self Reliance

sophlowe45

Thank you for your reply!!!

Does that mean we would also be able to accept donations by card? and just send the form to the charity who will then in due course charge the person's card or is it best not to do that if we are not the charity itself?

GiveItBack

card might be where it gets tricky, you see it depends on what exactly you are doing. If you're holding a dinner dance, then you can't gift aid the ticket price.

If it's something else, I'm not clear on how you'd be accepting card donations? In fcat, I can't really comment without a bit more info.

GiB

Savvy_Sue

The thing to be clear about is that you can only Gift Aid your income. So if a group of friends run a jumble sale, for example, they can't Gift Aid the profit, because it's not anyone's personal income.

Also, if you are organising an event in the name of a particular charity, you do need to tell them first, and check they are happy with it. They may well be able to help you with publicity materials etc, but they are responsible for what happens in their name. The obvious example is that Alcoholics Anonymous probably wouldn't want a sponsored pub crawl with their name on it ...