If you are a UK tax payer the Association as a Registered Charity is able to reclaim 25p for every £1 you pay in your subscription. This is because your subscription is considered as a donation. It costs you nothing, but is extremely important for the ABTT as it provides valuable extra funds with which to carry out its work on behalf of the Theatre industry. By being able to reclaim Gift Aid the Association is able to keep the subscriptions as low as possible.
We are required to follow the statutory requirements for Gift Aid declarations which have recently changed. It is really important that you confirm or reconfirm Gift Aid with your membership renewal form in order to ensure that the Association can gain the greatest benefit from your donation. By making a Gift Aid declaration you are increasing the value of your support for the ABTT at no extra cost.
You can gift aid your donation if you pay enough UK income tax or capital gains tax to cover the amount the Association is able to reclaim on your donation. By gift aiding your donation you are confirming that you pay enough tax for all gift aided donations you make.
By ticking a box you are also confirming that you have paid or will pay enough tax in any year for which Gift Aid is reclaimed so as to equal or exceed the amount of Gift Aid reclaimed.
Gift Aid is applicable to individual members but not to affiliated organisations.
For further information please refer to the HMRC website here