HM Revenue and Customs have published a free online guide to help charities complete Gift Aid donation schedules. The step-by-step guide tells charities how to claim back tax on eligible donations, help in choosing the right software, and advice on completing the schedule and filling in the form. This follows on from research last year, … Continue reading HMRC Launch Free Gift Aid Guide
Recent research from HMRC has suggested that small charities and some sports clubs are missing out on £600 million in additional funding, with a third of donations failing to add Gift Aid. Who does Gift Aid apply to? As well as charities, Community Amateur Sports Clubs (CASCs) can also take advantage of the Gift Aid … Continue reading Making the Most of Gift Aid
We have launched our brand new newsletter, The Bottomline. This edition includes: Considering enhanced capital allowances Funding you business' needs HMRC warns over tax refund scams Crossing borders: new rules for UK property transactions Making the most of Gift Aid Where the heart is? Considering the tax implications of homeworking Reminders for your diary If … Continue reading The Bottomline – Issue 1
Did you know that you as a taxpayer can help fund future Olympic champions? Many people are aware of the tax breaks for giving to charities through Gift Aid, but not many realise that the scheme also applies to the 6,800 Community Amateur Sports Clubs (CASCs) who are registered with HMRC. The scheme means that … Continue reading On your Marks, Gift Aid, Go!
CODE NUMBERS Check your code to ensure you have been given the correct personal allowances, including relief for pension contributions and gift aid donations if liable to higher rate tax. PENSIONS With a general election a few weeks away it cannot be certain that the current generous reliefs will remain in place. It is important … Continue reading Year End Tax Planning – Points for review before 5 April!
http://www.youtube.com/watch?v=NUwV2I5HtC8 To find out what other announcements were made in the Chancellor's Budget, read our Budget Summary.
Our updated Tax Tables are available here - find out what the new rates mean for you. If would like to read our summary of the 2015 Budget, then please follow this link: Budget Summary 2015 The main issues include: Farmers averaging - Farmers will be able to average their profits over five years instead of … Continue reading Budget 2015 and 2015/16 Tax Tables