Portsmouth Cricket Club - 2018

Portsmouth Cricket Club - 2018 - Gift Aid Donations

Gift Aid - Portsmouth Cricket Club is a registered Community Amateur Sports Club (CASC).

Donating through Gift Aid means charities and community amateur sports clubs (CASCs) can claim an extra 25p for every £1 you give. It won’t cost you any extra.

Charities can claim Gift Aid on most donations, but some payments don’t qualify.

What you need to do

You need to make a Gift Aid declaration for The Cricket Club to claim. You can do this by filling in a form which is available to download HERE or indicate a Gift Aid value on your membership form.

Contact Glyn Davis (PCC Treasurer) on 07775 910 015 or flippa326@hotmail.co.uk if you need assistance with the claim process.

You must give a declaration to each charity you want to donate to through Gift Aid.

You can include all donations from the last 4 years. Tell the charity about any tax years where you didn’t pay enough tax.

Paying enough tax to qualify for Gift Aid

Your donations will qualify as long as they’re not more than 4 times what you have paid in tax in that tax year (6 April to 5 April).

The tax could have been paid on income or capital gains.

You must tell the charities you support if you stop paying enough tax.

Higher rate taxpayers

If you pay tax at the higher or additional rate, you can claim the difference between the rate you pay and basic rate on your donation. Do this either:

Example You donate £100 to charity - they claim Gift Aid to make your donation £125. You pay 40% tax so you can personally claim back £25.00 (£125 x 20%).

With Payroll Giving, you don’t pay the difference between the higher and basic rate of tax on your donation.

Getting tax relief sooner

In your Self Assessment tax return, you normally only report things from the previous tax year.

But for Gift Aid, you can also claim tax relief on donations you make in the current tax year (up to the date you send your return) if you either:

  • want tax relief sooner
  • won’t pay higher rate tax in current year, but you did in the previous year

You can’t do this if:

  • you miss the deadline (31 January if you file online)
  • your donations don’t qualify for Gift Aid - your donations from both tax years together must not be more than 4 times what you paid in tax in the previous year

If you don’t have to send a tax return, contact HMRC and ask for a P810 form. You’ll need to submit it by 31 January after the end of the previous tax year.