HMRC publishes FAQ on Gift Aid transitional relief

first_img Tagged with: Finance HMRC Law / policy legacies Howard Lake | 10 April 2008 | News HM Revenue and Customs (HMRC) has published ./guidance on the transitional relief element of Gift Aid, following the announcement of the changes in the 2008 Budget.The information makes it clear what charities can claim for, and how much to claim for depending on when the donation was made up to 5 April 2008 or on or after 6 April 2008.Most importantly, it makes it very clear that charities do not need to claim the transitional relief on any donations made on or after 6 April. HMRC’s advice states that “providing you make your Gift Aid repayment claim within two years of the end of the accounting period or tax year to which the claim relates, HMRC will automatically add the transitional relief when we allow your claim.”www.hmrc.gov.uk/charities/faq-transitional-relief.htm  80 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. HMRC publishes FAQ on Gift Aid transitional relief AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img