Gift Aid
For every £1 that you give to icap, we can claim an extra 28p back from the Inland Revenue.
This means that if you make a donation of £10, it will actually be worth £12.80 to icap - and will cost you no
more than £10!
You can help us claim this extra gift by ensuring that you fill out a Gift
Aid form or tick the Gift Aid box on the donation form whenever you make a donation.
Gift Aid: your questions answered
How do you claim my Gift Aid?
The Gift Aid scheme allows us to reclaim the income tax element of your donation, which currently stands at 28p
for every £1 you donate.
For us to claim your Gift Aid, you must be a UK taxpayer, i.e.paying tax to the Inland Revenue tax on any of the following:
the money that you earn;
your savings;
or the benefits or pension that you receive.
For Gift Aid to operate on your donation, you must have paid at least the same amount in income tax
as we reclaim on your gift.
Why do I need to make a Gift Aid declaration?
The declaration gives us the authority to reclaim tax from the Inland Revenue on your gift. By making the
declaration, you are confirming that you understand this.
I am not a taxpayer, but my partner is, and our donations are made jointly. Are our gifts still eligible?
Yes, they are eligible for Gift Aid. However, we will need to take the details of the person that is the taxpayer, so
that the Gift Aid claim can be matched with their name.
What if I have agreed to Gift Aid another charity?
You can support as many charities as you like, and they may all claim Gift Aid on your donations. You will need to return
a Gift Aid declaration separately to each charity that you support, and ensure that you pay enough tax during the year to
cover the total amount of your annual donations.
Do I need to make a Gift Aid declaration with every donation I give to icap?
No. Once you have filled in a Gift Aid form (or ticked the box on a Gift Aid declaration form), Gift Aid will be
applied to all of your future donations to icap. Furthermore, Gift Aid will be applied to any donations that you
have made to icap in the six years prior to your Gift Aid declaration.
What if I pay the higher rate of income tax?
If you are a higher rate income taxpayer (i.e. you pay 40% income tax on part of your salary), then icap
will be able to reclaim the income tax you have paid on your donation via the Gift Aid system on any of your donations.
The amount of money obtained through Gift Aid will be the difference between the higher rate of income tax (40%) and the
basic rate of income tax (20%) that you have paid on your salary, which is curently 20%. However, you will need to keep
a record of all of your donations to charities.
Registered Charity Number: 1079353 Company Registration Number: 3917115