Gift Aid Scheme
SCARS is taking advantage of the new Gift Aid Scheme which
was announced by the Government in the March 2000 budget.
Until now the "Covenant" system whereby Charities
could reclaim the tax paid on Subscriptions and Donations
was quite complicated. The "Gift Aid" system is
far easier to administer, and allows us to reclaim 28p for
each £1 which taxpayers give us. Most taxpayers will
qualify so long as the amount they pay in Income Tax and /
or Capital Gains Tax is at least equal to the amount of tax
SCARS reclaims on the donation.
declaration form was enclosed with your 2001 membership
renewal and we are grateful to those who completed their
forms - a claim for nearly £150 tax is being submitted.
No renewals are necessary and the declaration can be cancelled
at any time simply by notifying SCARS. Further forms are
available for those who may wish to make donations during
the current tax year.
Northern Canals Ass. Conference
Drydock-by Peter Keen
The Life of Riley
Reports from Membership Meetings
to Meeting Place