FAQ - What is Gift Aid?
The Family History Society of Cheshire is a registered charity (#515168) and is able to obtain a tax refund at the standard rate of income tax on all past/present/future subscriptions paid under GIFT AID at NO extra cost to the member. The member must pay an amount of UK income and/or capital gains tax equal to the amount of tax the Society will reclaim in each tax year or they will be liable to pay the difference.
You can make your declaration when filling in a subscription form to join, renew or upgrade your membership of the FHSC. You can also change your status at any time, e.g. when your tax paying status changes, by editing your profile on the 'My Subscription' menuitem of the 'My Membership' menu. An audit trail of changes to the values are kept for use when making claims:
- Select Y in the Gift Aid Field to confirm you are a UK taxpayer and willing for us claim Gift Aid on all present/future subscriptions and those from the last 4 years.
- Select N if you are not a UK taxpayer or you are but unwilling/unable for us to claim Gift Aid on your behalf.
NB From 6th April 2016 it should be noted that dividend tax credits can no longer be used to satisfy the condition of paying sufficient tax to cover the gift aid.