Furthermore, Gift Aid is open to all UK taxpayers and is a flexible scheme that can be applied to one-off or regular donations.
Gift Aid allows charities to reclaim the basic rate of tax on donations from individuals regardless of how small the donation is.
The first step is to contact HMRC to register for tax purposes and request a reference number.
Then ask your donors to fill out a Gift Aid declaration form to confirm that they are a UK taxpayer. Declarations can apply to future donations and can be backdated.
Make sure to keep simple paper or computer records, showing that your donors have agreed that you can reclaim their tax.
Finally, you can claim the tax back from HMRC manually, or through specialist organisations such as Charities Aid Foundation.