Gift Aid Relief
A number of proposed changes to the operation of Gift Aid Relief were announced at the time of the recent Budget but since none of them are immediately effective details will be included in Tax Topics in the Summer issue of Transform.
However, it is worth noting that as from April 2012 Gift Aid Relief claims will need to be made online and as a first step towards this HMRC has published four new “intelligent” forms for charities to use. The forms contain automatic checks to improve the accuracy of information and reduce administrative burdens. The claim form is available for use and can be downloaded from the HMRC website for completion by computer (which performs some of the arithmetic) before printing and submission (for the present) by post. Churches might care to consider using the new form by way of preparation for online filing.
The website link to the relevant HMRC page (How to complete Form R68(i) Gift Aid and Tax Repayment Claims) is: http://www.hmrc.gov.uk/charities/complete-form-r68i.htm and the link to the claim form itself is: http://www.hmrc.gov.uk/charities/r68-claim.pdf
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