What is Gift Aid?
Gift Aid is a Government Scheme which allows us to reclaim tax on donations made to Teenage Cancer Trust. If your sponsors are UK tax payers, they can help raise even more money simply by writing their full name, home address and postcode on the sponsorship form - make sure they don't forget to tick the Gift Aid box!
What can it be claimed on?
Gift Aid can be claimed on individual and sponsorship donations that are made to Teenage Cancer Trust by a UK tax payer. Gift Aid can only be claimed on 'gifts' which means it can't be claimed if the donation someone made was an entry fee or competition fee.
Gift Aid and your fundraising
Gift Aid is not offically counted against your sponsorship target and is treated as a bonus. This is because it can take up to four months for Gift Aid to come through once an event has passed. And not all Gift Aid declarations are approved by the Inland Revenue.