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HMRC publishes FAQ on Gift Aid transitional relief

Howard Lake | 10 April 2008 | News

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Gift Aid

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

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