Gift Aid

Christmas Fair – 2nd December, school Hall.

What is Gift Aid? – Gift Aid is a scheme which allows charities to claim back from the Inland Revenue the tax that you have already paid on the amounts that you give. In April 2000 the Chancellor simplified the rules, to encourage more people to give to charity.

What if I’ve already signed a Covenant? – Your existing Covenant will continue to be valid for the covenanted amount. However, if you increase the amount of your giving and wish us to benefit, you will need to complete a Gift Aid Declaration. The Advantage of the Gift Aid scheme over Covenant is that you do not have to tie yourself into a 4 year agreement, and you can vary the amounts whenever you wish.

How much must I pay to be able to take part in Gift Aid? – You can give as little or as much as you like – there’s no upper or lower limit. You can join the Gift Aid scheme if you are a UK taxpayer and pay tax at the basic or higher rate. Lower rate (10%) taxpayers, including those who pay tax on investment income, can also join, providing they pay an amount of tax at least equal to the amount of any refund claimed by the Archdiocese of Liverpool.

Do I have to tell you what my earnings are? – No

What if I stop paying Income Tax? – Let us know and we will cancel your Declaration.

Who receives the Tax Refund? – The Parish of St Teresa of Avila, via the Diocesan Office.

Can I change the amount I give? – Yes – You can increase of decrease the amount you give at any time without having to complete a fresh Declaration.

Is Gift Aid confidential? – Yes. The amount you give is totally confidential.

Please contact Father Atli for more details.