What is Gift Aid?
Gift Aid is a program the UK government put in place to encourage donors to give more via a tax relief incentive. Under the program, Gift Aid allows UK income taxpayers to complete a declaration that they are a UK taxpayer. Any donations that the taxpayer makes to a charity are then treated as being made after deduction of income tax at the basic rate of 20%. The charity can then reclaim the basic rate income tax paid on the gift from HMRC. For a basic-rate taxpayer,this adds approximately 25% to the value of any gift made under Gift Aid.
How the Gift Aid Add-on Works
We’ve built the Gift Aid add-on to be an all-inclusive package that has everything you need in order for you to begin allowing accepting Gift Aid through your Give-powered online donation forms. Upon activation, the plugin includes default settings with meticulously written content that will provide your donors with a clear understanding of what Gift Aid is and why they should opt-in to give with it. It doesn’t stop there. There are many other features included to get you up and running accepting Gift Aid quickly and easily.