Since 1927 the leading authority on tax law, practice and administration

Small donations scheme rules published

© Copyright LexisNexis 2024. All rights reserved.

18 September 2012

Issue: 4371 / Categories: News , Income Tax

Charities and sports clubs will be able to claim top-up payments

Draft regulations relating to the Small Charitable Donations Bill have been published for consultation, along with a technical note explaining the effect of the new rules.

The aim is to allow qualifying charities and community amateur sports clubs to claim a top-up payment equivalent to gift aid on small cash donations.

The draft rules set out the general administrative framework for the gift aid small donations scheme, which is due to be introduced on 6 April 2013.

Most of the mooted regulations will apply the administrative provisions of the taxes acts that are used to administer gift aid claims.

Comments should be made via the HMRC site no later than 5 December.

Issue: 4371 / Categories: News , Income Tax

READERS' FORUM premium icon

Readers forum: Claiming pre-registration input tax Practice tip: 19 December 2024 New Queries: 19 December 2024 Readers’ forum: Should I advise my client to declare income? Readers’ forum: Pension scheme set up as discretionary trust?

FIVE WAYS TO MAKE ACCOUNTS PRODUCTION AND TAX EASIER.
Download the exclusive Xero
free report here.

New queries

Please email any questions you might have
to: taxation@lexisnexis.co.uk.

NEWS

Automated tracking system for taxpayers could save £36m a year, study shows Welsh income tax rates are unchanged Business expenditure on R&D rises in 2023 HMRC targets landlords who may have undeclared rents Lump sums cannot be returned to pension scheme

Third slide

Deadline dates for January 2025

CASES

No extenuating circumstances to extend deadline Delay in issuing penalties was no excuse for late return Sales of occupation income avoidance rules apply Whole of settlement was not subject to tax Payments were taxable as earnings

MOST POPULAR

Readers forum: Claiming pre-registration input tax No extenuating circumstances to extend deadline This week's opinion: 19 December 2024 Automated tracking system for taxpayers could save £36m a year, study shows Welsh income tax rates are unchanged

back to top icon