Gift Aid is a UK tax incentive that enables tax-effective giving by individuals to charities in the United Kingdom (currently 25p in every £1).
Gift Aid allows individuals who are subject to UK income tax to complete a simple, short declaration that they are a UK taxpayer. Any cash donations that the taxpayer makes to the charity after making a declaration are treated as being made after deduction of income tax at the basic rate (20% in 2011), and the charity can reclaim the basic rate income tax paid on the gift from HMRC. For a basic-rate taxpayer, this adds approximately 25% to the value of any gift made under Gift Aid.
To allow us to claim Gift Aid on your donations you must pay an amount of Income Tax/Capital Gains Tax at least equal to the tax the charity reclaims in the tax year. Agreeing to Gift Aid is agreeing to Global Angels treating all donations you’ve made for the six years prior to this year, (but no earlier than 6/4/2000), and all donations made from the date of this declaration until you notify you otherwise, as Gift Aid Donations.