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Make your
donations go further - make them tax efficient!
Charities are
able to reclaim from the Inland Revenue some of the tax you've paid on your
donation - currently 28p for every £1 donated - at no extra cost to
you!
This means if you
donate £10.00 we can reclaim £2.80 making your donation worth £12.80 to
Bag Books. All you need to do is make a Gift Aid Declaration when you
make your donation.
What if you
are a higher rate tax payer?
If you pay tax at
the higher rate of 40 per cent, you can benefit from tax relief on your donation. You can reclaim
the difference between the basic rate of 20 per cent and the 40 per cent tax you have paid.
For example, if you give £10.00 we can reclaim £2.80 and you can
reclaim £2.50 so your £10.00 donation has only cost you £7.50 but Bag Books has received
£12.80.
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