Making a gift by Gift Aid is a tax efficient method which benefits both Tall Ships Youth Trust and you, the Donor. Tall Ships Youth Trust receives Gift Aid tax from the government of 25p per £1 donation. A Donor paying capital gains tax or a higher rate of income tax can claim the difference between the current higher and basic tax rates on their donation. For example, a donation of £50 is worth £62.50 to Tall Ships Youth Trust but only costs a 40% tax payer £37.50 (see worked example below).

By ticking this box you are giving Tall Ships Youth Trust permission to reclaim the tax on this and future donations. To do this, you must pay an amount of Income Tax and/or Capital Gains Tax in a tax year (6 April to 5 April) that is at least equal to the amount of tax that all the Charities and Community Amateur Sports Clubs that you donate to will reclaim on your donations in that tax year. Taxes such as VAT and Council Tax do not qualify.

Worked example – 40% Tax Payer
Donation = £50
Gross donation amount incl 25% gift aid = £62.50
Tax relief claimed by a 40% tax payer = 20% (40% - 20% basic rate)
Tax relief claimed = £12.50 (£62.50 x 20%)
Cost to donor = £37.50 (£50 - £12.50)