HMRC has updated the gift aid chapter of Charities: detailed guidance notes (www.bit.ly/1bRX81V) at paragraph 3.42 concerning the methods for ‘retail’ gift aid claims where individuals gift the proceeds of goods sold on their behalf by charities. This section now includes template letters for in-year claims from January 2016 and more information on record keeping. Throughout the chapter, more information is given on a charity’s obligation to inform donors of their liability for shortfalls should they have paid insufficient tax to cover gift aid claims (see last week’s news for more details).
In addition, HM Treasury has published the Small Charitable Donations Act (Amendment) Order, SI 2015/Draft, which increases the maximum amount of small donations on which a charity may claim a top-up payment for a tax year under the gift aid small donations scheme from £5,000 to £8,000 with effect from 6 April 2016.
HMRC has updated the gift aid chapter of Charities: detailed guidance notes (www.bit.ly/1bRX81V) at paragraph 3.42 concerning the methods for ‘retail’ gift aid claims where individuals gift the proceeds of goods sold on their behalf by charities. This section now includes template letters for in-year claims from January 2016 and more information on record keeping. Throughout the chapter, more information is given on a charity’s obligation to inform donors of their liability for shortfalls should they have paid insufficient tax to cover gift aid claims (see last week’s news for more details).
In addition, HM Treasury has published the Small Charitable Donations Act (Amendment) Order, SI 2015/Draft, which increases the maximum amount of small donations on which a charity may claim a top-up payment for a tax year under the gift aid small donations scheme from £5,000 to £8,000 with effect from 6 April 2016.
