Gift Aid is a UK government scheme that allows Crofton Beam Engines to reclaim tax on donations made by UK taxpayers. This means that for every £1 donated, we can claim an additional 25p, significantly boosting our funding.
To qualify for Gift Aid, you must be a UK taxpayer. This includes anyone who pays income tax or capital gains tax. When you purchase an Annual Pass or make a donation, you can opt to allow Crofton Beam Engines to claim Gift Aid on your donation.
We will need your name, house name or number, and postcode to identify you as a current UK taxpayer. This information allows HMRC to verify your taxpayer status and process the Gift Aid claim.
If you have subscribed to Gift Aid for your Annual Pass, you enjoy all its benefits while knowing that your contribution is helping Crofton Beam Engines receive more funding.
We benefit greatly from Gift Aid. The additional 25p per £1 donated provides crucial extra funding for our charitable work, enabling us to make a more significant impact. HMRC supports this scheme as it encourages charitable giving and ensures that the taxes paid are used effectively for good causes.