Commentary

117 Requirement to pay sufficient tax

CHARITIES AND CHARITABLE GIVING vol 6(2)
| Commentary

117 Requirement to pay sufficient tax

| Commentary

117 Requirement to pay sufficient tax

In order to qualify for gift aid on donations made on or after 6 April 20101, donors must pay UK tax in the tax year at least equal to the amount of tax that all the donee charities they donate to will reclaim on their donations for that tax year. Therefore, donors must be sure that they pay sufficient tax before signing a gift aid declaration. Where a donor does not pay sufficient tax to cover the amount reclaimed, HM Revenue and Customs charges the donor with income tax equivalent to the

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