The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> Professional Book-keepers in Practice -> gift aid payment
Post Info TOPIC: gift aid payment
lor


Guru

Status: Offline
Posts: 941
Date:
gift aid payment
Permalink Closed

Hi there,

 

I'm currently doing a clients self-assessment.

 

The client has a charity payment made of £40.00

 

I have entered this on the return, bu then when I come to view a break down of the tax calc, it is showing a payment due of £10.00 is this correct?

Doesn't make sense to me for the person to pay tax after they have donated to charity

 

many thanks lor

 



__________________
Don Tax


Expert

Status: Offline
Posts: 1716
Date:
Permalink Closed

This can happen if they isn't a taxpayer but have signed a gift-aid declaration stating they are.



__________________
lor


Guru

Status: Offline
Posts: 941
Date:
Permalink Closed

Dont think this has happened, all I've done is put £40.00 gift aid on the return and then it has calculated payment of tax £10.00 ?/
doesn't make sense to me???

__________________
Don Tax


Expert

Status: Offline
Posts: 1716
Date:
Permalink Closed

Might disappear when/if you have entered the accounts/employment/investment income etc.



__________________
Rob-f58049


Senior Member

Status: Offline
Posts: 133
Date:
Permalink Closed

With Gift Aid, the taxpayer has to have paid the amount of tax that the charity claims back from the taxman. If the self-assessment has calculated that the person is not due to pay any tax (as opposed to not owing any more tax having already paid the correct amount through PAYE) then the person has to refund HMRC the amount the charity claimed.

__________________
Rob
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> Professional Book-keepers in Practice -> gift aid payment
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About