If you pay tax and sign a Gift Aid Declaration then Farnham Sinfonia can reclaim the basic rate tax that you have paid, currently 25p for every pound given as a donation or paid as a subscription.
Paying tax refers to tax actually paid ie for amounts above the tax-free allowances (note: tax on interest and dividends changed in 2017), including:
- income tax whether collected by employer or pension fund or paid separately by yourself,
- tax on interest,
- tax on dividends from shares and unit trusts, and
- capital gains tax.
If you pay tax at the higher rate you can also claim your own tax reduction by declaring the gifts on your tax return.
You can make a declaration once, and then it applies for all gifts in any of the past four years and into the future, you do not need to make a new declaration for each future gift or payment, but you do need to tell us if you cease to pay tax.
You can make a Gift Aid Declaration either by:
- completing a very simple on-line form (easiest method, only takes a few seconds), or
- sending an email, or
- printing and posting a Gift Aid Form
Farnham Sinfonia is part of TBS – Please use the Declaration on the TBS website via this link