If you pay tax above the basic rate, you can claim the difference between the rate you pay and basic rate on your donation.
Gift Aid is important for charities, and means millions of pounds extra go to the charity sector. Each time an eligible tax payer donates and forgets to tick the Gift Aid box, the charity misses out.
A charity can claim Gift Aid when you make a monetary donation from your own funds and have paid UK Income and / or Capital Gains Tax during that tax year.
The amount of tax you pay needs to be at least equal to the value of Gift Aid the charity or CASC will claim on your donation(s).
If circumstances change and you no longer pay enough tax, it’s important to tell all the charities you support. If you don’t tell them and they continue claiming Gift Aid, you’ll need to pay any difference back to HMRC.