Which tax relief scheme allows charities to reclaim tax on donations from UK taxpayers?

Gift Aid is the correct answer because it is a tax relief scheme specifically designed for charities, allowing them to reclaim the basic rate tax on donations made by UK taxpayers. When an individual donates to a charity, if they have paid enough tax to cover the amount being reclaimed, the charity can request a refund from HM Revenue and Customs (HMRC) of the tax that has already been paid on that donation. This means that a donation of £100 could effectively be worth £125 to the charity once the tax is reclaimed.

The scheme is aimed at encouraging charitable donations, making it easier for donors to support their chosen charities while also maximizing the benefits for those charities. The other options listed do not directly relate to the established method for reclaiming tax on donations in this way, which is why Gift Aid is the most accurate choice.