Cambridge Early Music is a registered Charitable Incorporated Organisation (Registration No. 1127932) and so gifts from UK taxpayers can be made under the Gift Aid Scheme. This enables us to reclaim the basic rate of tax that was paid on your donation, which equates to 25 pence in every pound. For example, every £100 gift is actually worth £125 to Cambridge Early Music. In order for us to reclaim the tax on your donation, you must have paid UK Income or Capital Gains Tax equal to the tax that will be reclaimed.
What happens if I am a higher rate taxpayer?
If you pay a higher rate tax, you can claim back the difference between the rate you pay and the basic rate of 20% on your donations through your self-assessment tax return.
A gift of £100 will cost a 40% higher rate taxpayer £75 once they have reclaimed the difference between Basic and Higher rate tax.
Use our Gift Aid calculator below to see how your donation will benefit Cambridge Early Music and the actual cost to the donor for a 40% higher rate taxpayer.
Based on a form by IT For Charities