Anyone who completes a Self Assessment tax return is able to nominate a charitable institution, such as St Anne’s, to receive all or part of any repayment due to them.

If you are a Self Assessment taxpayer you should enter the total amount of all Gift Aid payments you have made to charitable institutions, such as St Anne’s, in boxes 15A.1, 15A.2 or 15A.3 (as appropriate) on page 6 of your Tax Return.

The Inland Revenue re-paid £3 billion to nearly three million Self Assessment taxpayers last year.

To donate all or part of your rebate to St Anne’s simply enter the College’s code - HAF19QG - on your tax return.

If you pay income tax at the higher rate you will be able to claim relief based on the grossed-up amount of your gifts.

With a basic rate of income tax of 22%, gifts are grossed-up by multiplying the amount you give by 100 divided by 78 (100/78). The relief is given at the difference between higher rate and basic rate.

So for 2005-06 the relief is given at 18%.

Example:

if your Gift Aid payments add up to £1,000 in 2005-06 the grossed-up amount would be £1,000 x 100/78 = £1,282. The relief due would be £1,282 x 18% = £231.

You do not need to calculate the amount of the relief due. Simply enter the total amount of payments made under Gift Aid in boxes 15A.1, 15A.2 or 15A.3 (as appropriate) on page 6 of your tax return.