The GIFT-AID Scheme
The U.K. Gift-Aid Scheme was introduced in 2000 to replace the Covenant Scheme. It meant that anyone paying U.K. Tax could donate to a registered Charity resulting in that Charity being able to reclaim tax on that donation. In the U.K. each Church is a registered Charity. Whilst our parish in the Diocese in Europe cannot be a U.K. registered Charity, our Diocesan Headquarters in London is registered (U.K. Charity Registration No. 250186), and so we can send donations to them and they recover the tax for us and credit our account. Thus, there are three ways you can help our Church through the Gift-Aid Scheme. 1 A one-off gift with a sterling cheque. To participate, you must pay an amount of UK Income Tax and/or Capital Gains Tax at least equal to the tax that the Diocese in Europe reclaims on your donations in the tax year (currently 25p for each £1 you give). In addition, the HMRC will pay the charity 2% Transitional Relief for the tax years 2008/9 to 2010/11 to cover the change in the basic rate of Income Tax from 22% to 20% from the start of the 2008/9 tax year. ================================================== If you do not pay U.K. Tax but would like to donate to your Church Funds on a regular basis you can do it through a Banker’s Order at your own Bank. Ken Rees, Treasurer. email: eiken_lanz@hotmail.com |