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St Eugene’s Cathedral (Templemore) and Gift Aid<\/h3><\/div>\n\n


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Gift Aid is the government\'s scheme that\nenables charities and donors to reclaim tax on charitable giving. The Parish of\nTemplemore is a registered charity so we are able to claim tax back from HM\nRevenue & Customs.<\/span><\/p>


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So what does it mean?<\/o:p><\/span><\/p>\n\n

Gift aid works by allowing charities to reclaim tax on\nthe \'gross\' equivalent of the donation (i.e. it\'s value before tax was\ndeducted) at the basic rate, which is currently 20%. To put £1 into the\ncollection, you will have earned £1.25 and paid 25p (this is 20% of £1.25) in\ntax before you had it to spend, or donate<\/o:p><\/span><\/p>\n\n

In practice, this means that every £1 you donate using Gift\nAid, the Church can claim an additional 25p from HMRC, and so get £1.25 from\nyour donation without it costing you any more than £1.<\/o:p><\/span><\/p>\n\n

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How does it work?<\/o:p><\/span><\/p>\n\n

You make a \'Gift Aid declaration\' to the Church, in\nwriting, and the Church can then reclaim the tax you have paid. There has to be\na record of what you give, so we ask you to use the Gift Aid envelopes for cash\n& cheques, or give by direct debit. The declaration will cover everything\nyou give.<\/o:p><\/span><\/p>\n\n

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What does it cost me?<\/o:p><\/span><\/p>\n\n

It costs you absolutely nothing! You are giving to the\nChurch anyway, this simply asks the Government to redirect to the Church some\nof the tax you have paid to them.<\/o:p><\/span><\/p>\n\n

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What if you pay the tax at the higher rate?<\/o:p><\/span><\/p>\n\n

If you pay tax at the higher rate, you can inform HMRC -\non your tax return, usually - and they will pay you the difference between the\nhigher rate tax and that which the Parish has reclaimed. The idea is that you\ncan then pass this over to the Parish, but that is entirely up to your\nconscience.<\/o:p><\/span><\/p>\n\n

The Parish will not know whether or how much has been\nrefunded and HMRC will not know what you do with it. If you are a higher rate\ntax payer, contact your tax advisor or HMRC.<\/o:p><\/span><\/p>\n\n

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What happens if I stop paying enough tax?<\/o:p><\/span><\/p>\n\n

Simply ask the Parish office to cancel your declaration.\nIf you don\'t, then you could be sent a bill by the Inland Revenue for any tax\nclaimed by the Church that you have not paid. If in future you start paying sufficient\ntax again, you can make a new declaration.<\/o:p><\/span><\/p>  

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