Glossary · Tax
Gift Aid
Last reviewed:
Definition: An HMRC scheme that lets registered charities reclaim 25p of basic-rate tax for every £1 you donate, at no extra cost to you.
You must have paid enough UK Income Tax or CGT in the tax year to cover the tax reclaimed (25p per £1 donated). Higher- and additional-rate taxpayers can claim back the difference through Self Assessment or PAYE coding.
Primary source: gov.uk/donating-to-charity/gift-aid