Gift aid and higher rate tax payers
If you are a higher rate taxpayer, you can additionally claim the difference between the higher rate of tax at 40% and the basic rate of tax of 22% (40%-22%=18%).
Higher rate tax relief is worked out by calculating 18% of the gross value of your gift to The Children's Society. For example:
A gift of £1,000 is worth £1,128 gross to The Children's Society. 18% of £1,128= £230. Therefore, a higher rate tax payer can reclaim £230 in tax relief on their original donation.
You are also able to forward any tax rebates to The Children's Society, which can be Gift Aided again.
Tax relief can be claimed by completing the relevant section on your Self Assessment Tax Return form. If you don’t complete a self assessment form, but receive Form P810 from the Inland Revenue, this can be used to declare any gift aid payments. Alternatively you can claim the relief by writing to your tax office, giving full details of the gift(s) you have made.