Gift Aid section on tax return
Discussion
Tax return is asking about charitable giving. I know I made donations in the relevant tax year and did the Gift Aid bit, but I can't remember specifically when, or how much, or to whom. Do I ignore this because my donations were made by me as an individual rather than by my sole trader business, or do I somehow have to find out this information and include it? For information, I'm a PAYE employee doing a tax return for a small amount of casual work on the side.
Are you a higher rate tax payer?
The main reason why people enter details of their Gift Aided Donations in a tax year is because they are higher rate tax payers and want to claim higher rate tax relief on the donations.
If you are a basic rate taxpayer, there is no real point, to be honest, because the charity reclaims YOUR basic rate tax relief for themselves directly from HMRC.
The actual box on the return just asks you for a total of the amount you paid under gift aid in the tax year. There is no space in that section to provide any further information.
What a lot of people don't realise that merely putting numbers in the required boxes on a return is not sufficient to file a fully compliant return. The self assessment regulations state that, if the TAXPAYER thinks that HMRC needs to know more about a an amount shown on a return, it is the taxpayer's obligation to provide that extra information. HMRC helpfully provides large boxes (which they refer to as "white space") where any such additional information can be provided.
It's up to you to decide whether you want to provide those details.
The main reason why people enter details of their Gift Aided Donations in a tax year is because they are higher rate tax payers and want to claim higher rate tax relief on the donations.
If you are a basic rate taxpayer, there is no real point, to be honest, because the charity reclaims YOUR basic rate tax relief for themselves directly from HMRC.
The actual box on the return just asks you for a total of the amount you paid under gift aid in the tax year. There is no space in that section to provide any further information.
What a lot of people don't realise that merely putting numbers in the required boxes on a return is not sufficient to file a fully compliant return. The self assessment regulations state that, if the TAXPAYER thinks that HMRC needs to know more about a an amount shown on a return, it is the taxpayer's obligation to provide that extra information. HMRC helpfully provides large boxes (which they refer to as "white space") where any such additional information can be provided.
It's up to you to decide whether you want to provide those details.
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