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Meaning of "gift aid" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF GIFT AID

gift aid  [ɡɪft eɪd] play
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GRAMMATICAL CATEGORY OF GIFT AID

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Gift aid is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES GIFT AID MEAN IN ENGLISH?

Gift Aid

Gift Aid is a UK tax incentive that enables tax-effective giving by individuals to charities in the United Kingdom. Gift Aid was originally introduced in the Finance Act of 1990 for donations given after October 1, 1990, but was originally limited to cash gifts of £600 or more. This threshold was successively reduced in April 2000 when the policy was substantially revised and the minimum donation limit removed entirely. A similar policy applies to charitable donations by companies that are subject to the UK corporation tax. Gift Aid was originally intended for cash donations only. However since 2006, HMRC compliant systems have been introduced to allow tax on the income earned by charity shops, acting as an agent for a donor, to be reclaimed. In order for the charity to operate effectively they will need HMRC-approved systems to be able to record and track the progress of each item from receipt to sale and confirm with the donor that the donation should still go ahead.

Definition of gift aid in the English dictionary

The definition of gift aid in the dictionary is a scheme that allows a charity to claim tax exemption on individual charitable donations.

WORDS THAT RHYME WITH GIFT AID


Adelaide
ˈædɪˌleɪd
afraid
əˈfreɪd
aid
eɪd
aide
eɪd
arcade
ɑːˈkeɪd
blade
bleɪd
decade
ˈdɛkeɪd
grade
ɡreɪd
handmade
ˌhændˈmeɪd
jade
dʒeɪd
laid
leɪd
made
meɪd
maid
meɪd
paid
peɪd
parade
pəˈreɪd
raid
reɪd
shade
ʃeɪd
suede
sweɪd
trade
treɪd
upgrade
ʌpˈɡreɪd

WORDS THAT BEGIN LIKE GIFT AID

gift
gift horse
gift of the gab
gift of tongues
gift shop
gift tax
gift token
gift voucher
giftable
gifted
giftedly
giftedness
giftee
giftless
giftware
giftwrap
giftwrapped
giftwrapping

WORDS THAT END LIKE GIFT AID

artificial aid
buoyancy aid
deaf aid
first aid
food aid
foreign aid
hearing aid
home aid
legal aid
sex aid
slimming aid
teaching aid
urban aid
visual aid

Synonyms and antonyms of gift aid in the English dictionary of synonyms

SYNONYMS

Translation of «gift aid» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF GIFT AID

Find out the translation of gift aid to 25 languages with our English multilingual translator.
The translations of gift aid from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «gift aid» in English.

Translator English - Chinese

礼品援助
1,325 millions of speakers

Translator English - Spanish

ayuda regalo
570 millions of speakers

English

gift aid
510 millions of speakers

Translator English - Hindi

उपहार सहायता
380 millions of speakers
ar

Translator English - Arabic

المساعدات هدية
280 millions of speakers

Translator English - Russian

подарок помощь
278 millions of speakers

Translator English - Portuguese

ajuda presente
270 millions of speakers

Translator English - Bengali

উপহার সহায়তা
260 millions of speakers

Translator English - French

aide -cadeau
220 millions of speakers

Translator English - Malay

Bantuan hadiah
190 millions of speakers

Translator English - German

Geschenk -Hilfe
180 millions of speakers

Translator English - Japanese

ギフトエイド
130 millions of speakers

Translator English - Korean

선물 지원
85 millions of speakers

Translator English - Javanese

Hadiah bantuan
85 millions of speakers
vi

Translator English - Vietnamese

hỗ trợ quà tặng
80 millions of speakers

Translator English - Tamil

பரிசு உதவி
75 millions of speakers

Translator English - Marathi

भेट मदत
75 millions of speakers

Translator English - Turkish

Hediye yardımı
70 millions of speakers

Translator English - Italian

aiuto regalo
65 millions of speakers

Translator English - Polish

pomoc prezent
50 millions of speakers

Translator English - Ukrainian

подарунок допомогу
40 millions of speakers

Translator English - Romanian

ajutor cadou
30 millions of speakers
el

Translator English - Greek

ενίσχυση δώρο
15 millions of speakers
af

Translator English - Afrikaans

Gift Aid
14 millions of speakers
sv

Translator English - Swedish

gåva stöd
10 millions of speakers
no

Translator English - Norwegian

gave bistand
5 millions of speakers

Trends of use of gift aid

TRENDS

TENDENCIES OF USE OF THE TERM «GIFT AID»

The term «gift aid» is regularly used and occupies the 69.851 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
68
/100
The map shown above gives the frequency of use of the term «gift aid» in the different countries.
Principal search tendencies and common uses of gift aid
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «gift aid».

FREQUENCY OF USE OF THE TERM «GIFT AID» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «gift aid» during the past 500 years. Its implementation is based on analysing how often the term «gift aid» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about gift aid

EXAMPLES

10 ENGLISH BOOKS RELATING TO «GIFT AID»

Discover the use of gift aid in the following bibliographical selection. Books relating to gift aid and brief extracts from same to provide context of its use in English literature.
1
National Audit Office - HM revenue & Customs: Gift Aid and ...
Uptake of Gift Aid by charities and donors 1.18 HMRC recognises that the uptake of Gift Aid paid to charities could be higher, although it has not assessed what level of uptake is achievable. Our analysis of data on charitable giving in 2012 ...
Great Britain: National Audit Office, 2013
2
House of Commons - Committee on Public Accounts: Gift Aid ...
Report identifies a risk in individual Gift Aid of individuals who do not themselves pay tax ticking the Gift Aid box, often completely by accident, without realising. Do you have information that shows that companies not paying corporation tax are ...
Great Britain: Parliament: House of Commons: Committee of Public Accounts, 2014
3
Not-for-Profit Law: Theoretical and Comparative Perspectives
By donating through Gift Aid, charities may reclaim the tax on the value of the gift before basic-rate tax is deducted, but not all eligible donors use the scheme. Its operation has been complex and has not always kept pace with new fundraising  ...
Matthew Harding, Ann O'Connell, Miranda Stewart, 2014
4
How to Get Money for College 2014
Gift. Aid. (Need-Based). Total amount is the total dollar figure in 2012—13 ( estimated) or 2011—12 (actual) of need-based scholarships and grant (gift) aid awarded to degree-seeking full-time and part-time students that was used to meet ...
Peterson's, 2013
5
Giving white paper
Gift Aid Online filing Many of the responses to our consultation highlighted the administrative burden that paper filing of Gift Aid declaration forms added. So we were pleased to announce in the Budget that government will fund and develop an ...
Great Britain: Cabinet Office, 2011
6
The Big Society: seventeenth report of session 2010-12, Vol. ...
QI 89 Robert Halfon: Many charities, particularly bigger ones, are not clear in their accounts on how much they spend on administration, public affairs and corporate affairs. Do you think that tax relief and gift aid should be increased for charities ...
Great Britain: Parliament: House of Commons: Public Administration Select Committee, 2011
7
Finance Act 2012: Chapter 14, Explanatory Notes
These notes refer to the Finance Act 2012 (c. 14) (ISBN 9780105414124) which received Royal assent on 17 July 2012
Great Britain, 2012
8
Trusts Law: Text and Materials
As a result of a number of changes since 1990, in computing their income for higher rates of income tax taxpayers can now deduct any payment made to charity initially under the four-year covenant system but since 1 April 2000 under Gift Aid ...
Graham Moffat, 2005
9
Budget 2010: securing the recovery, economic and fiscal ...
Gift Aid 5.53 Gift Aid continues to be a very successful tax relief, with total claims from charities since 2000 now exceeding £5.7 billion.19 In February, the Government set up a Gift Aid forum to consider possible reforms and simplifications, ...
Great Britain: H.M. Treasury, 2010
10
Charity Administration Handbook
Corporate donations do not fall under the Gift Aid scheme and receive tax relief as a deduction from taxable profits. The conditions that apply to tax-deductible qualifying charitable donations made by companies are largely the same as the ...
Don Bawtree, Kate Kirkland, 2013

10 NEWS ITEMS WHICH INCLUDE THE TERM «GIFT AID»

Find out what the national and international press are talking about and how the term gift aid is used in the context of the following news items.
1
Charity in 'shop and drop' drive
“While you're donating, please Gift Aid your bag 'drop' to make your donation go 25% further – there's no cost to you and no tax implication. «Lurgan Mail, Jul 15»
2
Charity Sahara trek beckons for Haworth mum Christina Wilson
"In March 2016 I will go to Morocco, and I've committed myself to raise a minimum sponsorship of £1,600 – excluding Gift Aid – in addition to the £200 deposit, ... «Keighley News, Jul 15»
3
Higham Ferrers children in mile dash for charity
The will bring the total raised by Michelle and her family, including Gift Aid, to just over £7,500. Michelle added: “A huge thanks to Mr Morris for ... «Northamptonshire Telegraph, Jul 15»
4
EXCLUSIVE: Facts behind National Funding Scheme exposed
Gift Aid is a government funded scheme that enables registered charities to claim 25p tax on each £1 donated by a UK taxpayer. Taking 45% of ... «ArtsProfessional, Jul 15»
5
Grand Valley State University Board of Trustees approves 2016 …
In fall 2014, 64 percent of all undergraduate students received gift aid, and of the 2013-14 graduates who earned a degree in four years or less, ... «HollandSentinel.com, Jul 15»
6
Praise for Feather as he prepares for 250th Keighley Cougars game
Meanwhile, the Just Giving Danny Jones fund is approaching £225,000, not including gift aid. Fawcett said: "This is excellent and it is important we keep the ... «Bradford Telegraph and Argus, Jul 15»
7
We ran, swam and cycled for Mind in West Essex
A spokeswoman for Mind in West Essex said: "£1,946 including Gift Aid has been raised by Caroline's team. "She is an inspirational PT who ... «Harlow Star, Jul 15»
8
Clock is ticking to get your Race for Life entries in
Every participant receives a donation bag, along with a Gift Aid form, as part of their Race for Life entry pack. Just by completing the form and ... «LoughboroughEcho.net, Jul 15»
9
Can we trust our charities?
Also, charities benefit from all manner of tax relief (including Gift Aid), so their activities are a legitimate area of public interest – especially, say ... «MoneyWeek, Jul 15»
10
DUXFORD NEWS: Fundraising Thanks- and more fun to come
The generosity of people in Duxford resulted in a magnificent total of £956.25, thanks to the additional bonus of tax relief when Gift Aid was ... «Cambridge News, Jul 15»

REFERENCE
« EDUCALINGO. Gift aid [online]. Available <https://educalingo.com/en/dic-en/gift-aid>. Apr 2024 ».
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