Tax-Effective Giving for UK and US Taxpayers

Tax-Effective Giving for UK Taxpayers:

Gift Aid

If you are a UK taxpayer, the Gift Aid scheme allows registered UK charities to reclaim the tax you have paid, regardless of the size or the frequency of the gift.  Gift Aid increases the value of your gift at no extra cost for you. For every £10 you donate, we can claim an extra £2.82 from the Inland Revenue.  Simply complete and sign the combined Response and Standing Order Form and send it to us.  We will do the rest - and one form suffices for all your donations.  Of course, if you give through your own charitable trust, or through one of the consolidated charity funds (such as Charities Aid Foundation), the tax has already been reclaimed; we do not make a further tax claim and the Gift Aid certificate is not needed.

How do I know if I qualify?

For your donation to qualify as Gift Aid, you need to pay an amount of UK income tax or capital gains tax equal to the tax we reclaim on your donations e.g. you can donate up to about £3.50 for every £1 tax you pay.

What if I don’t pay tax at the standard rate?

If you pay tax at the higher rate of 40 per cent, we can still only reclaim tax at the basic rate of 22 per cent. You can reclaim the remainder on your tax return.  If you pay tax at the lower rate of 10 per cent, we can still reclaim tax at the standard rate of 22 per cent. You must simply ensure that the total amount you have paid in tax is at least the total amount reclaimed by us and all other charities. As a general rule, you can donate up to about £3.50 for every £1 of tax you pay.   If you stop paying tax, please let us know and we will cease reclaiming tax on your donations.  If you have any query or would like to notify us of a change in your circumstances, please free to contact us.

Payroll Giving

Payroll Giving is a tax-effective way of giving a regular or one-off amount direct from your salary, so that tax relief is automatically received at your top rate.  Your  Human Resources department will advise you.

Company Giving

UK businesses can claim tax relief when they give money to UK registered charities, although the procedure is different for companies, partnerships and the self-employed.  We recommend that you consult your accountant about the appropriate procedure.

Gifts of Shares

A gift of shares can be a very tax-effective way of giving to a charity.  Please contact us for more details.

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Tax-Effective Giving from the USA:

If you are a US taxpayer, you can give to Concordis through CAF America. This charitable foundation enables US donors to make tax-effective donations. To make a donation please click here.

 

Tax-Effective Giving for Dual UK and US Taxpayers:

If you are paying tax in both the US and the UK then the CAF American Donor Fund allows you to claim ‘Gift Aid’ in the UK while still benefiting from a tax deduction in the US. For the CAF American Donor Fund Gift Form please click here. Please do remember to nominate Concordis International Trust as the recipient. For the Gift Aid Form please click here.

 

Concordis International Trust | Jubilee House | 3 Hooper Street | Cambridge CB1 2NZ | United Kingdom

© 2010 Concordis International, all rights reserved

Concordis International Trust is a registered UK Charity (Charity Commission No. 1105697) and a non-profit UK company limited by guarantee (Companies House No. 4930461)

Contact Us

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Please use the form to contact us, or:


Phone us on: +44 (0)1223 341281

Fax us on: +44 (0)1223 566359

E-mail us: office@concordis-international.org

To contact us by post, write to:

Concordis International, Jubilee House, 3 Hooper Street, Cambridge CB1 2NZ United Kingdom