What is Gift Aid?

Gift Aid provides a great opportunity for BMTG to increase the value of their donations by up to 28%

Who can use Gift Aid?

Gift Aid works by allowing charities to take a donation (which is money that the donor has already paid tax on), and then reclaim tax on its 'gross' equivalent (its value before tax was deducted) at the basic rate. This is 20 per cent from 6 April 2008.

In practice this means that for every pound donated to BMTG using Gift Aid we can claim an additional 25 pence from Government. In addition they will automatically pay the charity a further 3 pence for every pound Gift Aid donation it receives between 6 April 2008 and 5 April 2011; this transitional relief has been provided by Government to allow charities to adjust to the fall in basic rate tax (from 22% to 20%) from 6 April 2008. This means that for every pound donated under the Gift Aid scheme the charity will continue to receive 28 pence.

A higher rate taxpayer who makes donations through Gift Aid can claim back the difference between the higher rate of tax at 40 per cent and the basic rate of tax at 20 per cent on the total value to BMTG (the 'gross donation'). The donor may choose to give some or all of this difference.

Gift Aid can apply to one-off donations or to a series of regular donations. By completing our Gift Aid form each time you make a donation to us, BMTG will reclaim the tax from the Inland Revenue and add it to the balance.

Below is the form required to make a Gift Aid contribution to BMTG.

Gift Aid