How does Gift Aid work?

If you give your permission, by completing a Gift Aid Declaration, The Royal Ballet School can reclaim the tax you paid on your donation from the Inland Revenue. This will increase the value of your donation by 25% at no extra cost to you. For example a £10 donation will be worth £12.50 and for every gift of £50 The Royal Ballet School will receive £62.50.

Do you have to give regularly?

It doesn’t matter whether you make a one-off donation or set up a regular standing order or direct debit. A single Gift Aid declaration will cover all your donations, and any future donations you make to The Royal Ballet School.

Who is eligible for Gift Aid?

Any individual who is a UK taxpayer.

Even if you do not work, you are still eligible if you are paying tax on any of the following:

• Personal or occupational pension
• Stocks and shares
• Bank and building society savings accounts
• Rental income
• Overseas and UK investment dividends

Please note:

• You must pay an amount of income tax and/or capital gains tax for each tax year that is at least equal to the amount of tax that all the charities or community amateur sports clubs (CASCs) that I donate to will reclaim on my gifts for that tax year. (NB: other taxes such as VAT and council tax do not qualify)
• Corporate donations and those made from Charitable Trusts or Foundations are not eligible for Gift Aid
• Higher rate taxpayers can claim further tax relief on donations made under the Gift Aid Scheme
• You can cancel your declaration at any time by notifying The Royal Ballet School

Should you have any further queries about Gift Aid, please contact our Finance Department.