How does my client claim back gift aid on their donations?
- Once the Donor has paid their donation into the TCF bank account, TCF will process the Gift Aid Claim within the HMRC system. Usually, the Gift Aid payment is made with 5-10 working days to the TCF bank account. TCF will then transfer the Gift Aid into the individual’s DAF.
- A Donor who is a higher rate taxpayer can also claim back a further 20%, if they are an additional rate taxpayer they can claim back a further 25% via their Self-Assessment. When requested TCF will provide a statement of the donations made.