HM Revenue & Customs (HMRC)
St Johns House
Merton Road
Liverpool
L75 1BB
Merton Road
Liverpool
L75 1BB
HMRC has published figures showing that it made gift aid payment to charities totalling £1.075bn last year, and paid an additional £360m back to higher-rate taxpayers in tax relief on charitable donations.
News
One small gift aid allowance per charity – not per branch, says HMRC 3
Jonathan Last
30 Apr 2012
30 Apr 2012
Tags: Tax effective giving | Gift aid
The HMRC has stressed that under its new gift aid small donations scheme, a charity will get one £5,000 top-up allowance only, regardless of whether it is broken up into regional branches.
HMRC recently updated its guidance for claiming gift aid. Luke Savvas explains.
Voluntary sector umbrella bodies have signalled they may lobby the government to exclude charitable donations from the cap on tax reliefs announced in yesterday’s Budget.
News
New definition of a charity will affect all charity tax reliefs from April
Jonathan Last
15 Mar 2012
15 Mar 2012
Charities that do not claim gift aid but do claim other UK charity tax reliefs and exemptions administered by HMRC will be affected by its new definition of a charity from April, the government department has announced.
News
Perrin handed 18-month sentence for tax fraud through charity gift loophole
Jonathan Last
9 Feb 2012
9 Feb 2012
Professional tax adviser David Perrin has been sentenced to 18-months imprisonment for trying to defraud taxpayers of £70m by exploiting the benefits around giving gifts of company shares to charity.
News
Tax adviser guilty of fraud in philanthropic tax loophole 1
Celina Ribeiro
17 Jan 2012
17 Jan 2012
Tags: Tax effective giving | Law
A tax adviser has been found guilty of setting up a tax avoidance scheme which attempted to exploit the benefits around giving gifts of company shares to charity.
HMRC is piloting a new method of resolving VAT and direct tax disputes with small and medium-sized enterprises, including charities, to try to settle conflicts before they reach a tribunal.