Gift Aid Scheme
This option is only available if
you are a UK taxpayer
The Society is a Registered Charity under UK law, which allows
it to reclaim the tax you have already paid on your subscription
and any other donation under the Gift Aid Scheme.You can help the
Society increase its funds by signing the Gift Aid Declaration on
the application form.
Do not sign if you do not pay UK tax.
- In order for the Society to reclaim the tax you have paid on
your subscription/donation you must have paid income or capital
gains tax at least equal to the tax that will be claimed (currently
28p for each £1.00 you give).
- If you pay tax at the higher rate you can claim further relief
through your Self Assessment Tax Return.
- You can cancel your declaration at any time by notifying the
Society.
- If you change your address you should notify the Society.
- If your financial circumstances change and you no longer pay
tax you should notify the Society.
- If you are unsure if you qualify for Gift Aid Tax Relief ask
your local tax office for Leaflet IR113 Gift Aid
- The Society will not be given any information about your financial
affairs.
If there is a change in your tax-paying situation please
contact the Membership Officer so that we can update our records.
How it works
Membership of the Society is £26 per year.
If you pay tax on any income be it salary, investments, pension
or other income the Society can claim back from the Inland Revenue
an additional £7.28 at no cost to you.
Subscriptions and donations to Charities are tax exempt, we can
therefore claim back the income tax you have already paid to the
Inland Revenue on the amount you pay the Society.
Each year we send a list of names and addresses and the amounts
paid by members to the Inland Revenue. Once processed by the Inland
Revenue we are sent a cheque for what we have claimed.
This money is then used to further the aims of the Charity.
The
Lancashire
& Yorkshire Railway Society
is a Registered Charity. (No. 1098492)
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