Gift Aid is a UK tax incentive that enables tax-effective giving by individuals to charities in the United Kingdom.
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.
Please download, complete and return this Gift Aid form to Treasurer@isleofwightliteraryfestival.com we can claim Gift Aid on your donation. It will make a real difference to us!