self assessment question - gift aid

[Craig@Clarity]

because they dont want to accept the card charges ?

Yes, and that they can't charge you any fees either due to the change in law on credit or debit cards. Can't believe it was over a year ago this happened. I remember walking into my local hoping they'd trip up on that but instead simply set a spend instead!

[northernladuk]

because they dont want to accept the card charges ?

This new legislation removes the ability for merchants including HM Revenue and Customs ( HMRC ) to charge back fees for payments made by personal debit and credit cards to the customer. However, as HMRC doesn't make a surcharge for debitcard payments, this change only impacts personal credit cardpayments

Withdrawal of personal credit card payments (CIP29) - GOV.UK

[saptastic]

You know why this is, right?

because they dont want to accept the card charges ?

[Craig@Clarity]

and hmrc still don't accept personal credit cards

You know why this is, right?

[saptastic]

and hmrc still don't accept personal credit cards

[saptastic]

its worth it if you are a major philanthropist like me

[Craig@Clarity]

maybe I've got this wrong, but I thought if you claimed gift aid, the tax went to the charity and you cannot claim it back on your SA.

Thoughts?

The charity gets the gift aid so if a donation of £100 was made, the charity gets £125. You can then personally claim tax relief on the difference between the rate you're paying and the basic rate. So if you're a 40% tax payer, you can claim tax relief of 20% of £125 being £25.

[Lance]

maybe I've got this wrong, but I thought if you claimed gift aid, the tax went to the charity and you cannot claim it back on your SA.

Thoughts?

[saptastic]

You could look at changing your previous tax return. For the 2016/17 tax year, you would need to amend your return by the 31 January 19. For the 2017/18 tax year, you would have until 31 January 20.

Best to amend the previous return rather than adding to the following year.

Thanks James.

[northernladuk]

Ask your accountant first next time

[DolanContractorGroup]

You could look at changing your previous tax return. For the 2016/17 tax year, you would need to amend your return by the 31 January 19. For the 2017/18 tax year, you would have until 31 January 20.

Best to amend the previous return rather than adding to the following year.

[saptastic]

Hi

Last year I didn't add in my charitable gift aid giving (personal donations) in my self assessment which was approx £1k.
So want to claim the tax relief.

Can I simply add it in to this years self assessment ? or do I need to do a separate over payment claim?

Thanks in advance