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gift to charities

Practical Issues
mutantpoodle
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gift to charities

#206923

Postby mutantpoodle » March 11th, 2019, 8:40 am

I realise that giving to charity and signing 'gift aid' enables the charity to collect an extra from government...some 25% ish

what, if any is benefit of declaring those gifts on SAYE return...there seems to be a separate page for it...
is it only relevant for higher rate tax payers?

tjh290633
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Re: gift to charities

#206944

Postby tjh290633 » March 11th, 2019, 9:57 am

Unless the resulting increase in personal allowance keeps you out of higher rate tax, there is no advantage to you.

I don't know what HMRC does with the information, but there may be some reconciliation made with what charities claim and what you report. Mainly to ensure that the donations, for which they claim Gift Aid, do in fact come from taxpayers.

TJH

Watis
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Re: gift to charities

#206950

Postby Watis » March 11th, 2019, 10:18 am

I make donations under the Gift Aid scheme and, as the Treasurer of a charity, reclaim Gift Aid from HMRC. So I can see the processes from both ends.

I doubt that any matching of donations to reclaims is done, except perhaps in the case of a formal HMRC investigation into a taxpayer's affairs. Otherwise, not quite enough information is collected to make such matching straightforward.

One thing that is not required when making a Gift Aided donation is the donor's National Insurance number. With that one extra piece of information it would make it trivially easy for HMRC to set up a system to compare donations made with donations claimed.

Watis

swill453
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Re: gift to charities

#206958

Postby swill453 » March 11th, 2019, 11:09 am

Watis wrote:One thing that is not required when making a Gift Aided donation is the donor's National Insurance number. With that one extra piece of information it would make it trivially easy for HMRC to set up a system to compare donations made with donations claimed.

It's the same with bank account information. All banks have to supply it to HMRC, but without the NI number as a reference it's unlikely they do a systematic reconciliation on name/address/dob only.

Scott.

mutantpoodle
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Re: gift to charities

#206961

Postby mutantpoodle » March 11th, 2019, 11:35 am

ok many thanks everyone
I will not bother with the extra pages then!!


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