From time to time you will see references to “Gift Aid”. So why do we encourage you to make gift aid declarations in favour of the Society?
In short, if you pay tax in the UK and make a declaration, the Society can reclaim some of the tax you have already paid to HMRC. The amount is currently worth 25% of your subscription or donation. This can make a real difference to how quickly we can progress the various projects you read about on this website.
We can take into account most donations made in the last 4 years and into the future if we hold a declaration from you. There is no cost to you but you need to be aware that if you pay less tax than the amount we reclaim then under HMRC rules you are liable to pay the difference. 100 Club contributions and share purchases are ineligible.
Taking that into account it means that for every £10 we receive in membership subscriptions or donations we get another £2.50 from HMRC.
It is important to keep your declaration status under review if your financial circumstances change significantly. For example, the increases in personal tax allowances and the introduction of the £1000 tax free savings allowance may mean that some will have stopped being taxpayers.
If you prefer you can make a declaration for each individual contribution but it is generally simpler for both you and the Society to have an ongoing declaration in force.
If you are uncertain about whether you have made a gift aid declaration and want to check, or want to change what you have in force, or want to join the growing band of those who add that vital 25% enabling the Society to progress further and faster please contact firstname.lastname@example.org for any help or assistance.
Download a Gift Aid Form and be really certain
that we can maximise your contributions!
Alternatively, please complete the secure form electronically below
Additional Notes for Donors
If you pay income tax at the higher or additional rate and want to receive the additional tax relief due to you, you must include all your Gift Aid donations on your self assessment tax return or ask HM Revenue and Customs to adjust your tax code.
The details you provide will be held securely and only used for the purposes of reclaiming Gift Aid from HMRC and are not disclosed to any Third Party.
The use of Gift Aid by eligible taxpayers enables the Corris Railway Society to increase the value of your donation / subscription by 25%. The Society is able claim this amount from HM Revenue and Customs from the tax you have paid in the relevant tax year at no cost to the donor.
Once you have signed a Gift Aid declaration you will not need to fill in any additional forms.
You will not pay more in tax as a result of using Gift Aid.
A Gift Aid declaration remains in force until you tell us otherwise. You will not need to fill in a form each year.
You may make Gift Aid declarations with as many charities as you wish provided the total Gift Aid to be claimed (25% of your donations) does not exceed the amount of tax you pay in the year.
Please notify Corris Railway Society if you
• Wish to cancel or amend this declaration
• Change your name or home address
• No longer pay sufficient tax on your income and/or capital gains