Can I donate my small income to charity

dottydora

Hi I am totally out of my depth here. I have just set up a running group under the umbrella of a larger one. My members will pay a registration fee which goes to the main club but the £2 per week per runner comes to me. I have no interest in making money (this is a hobby/passion). So if I keep records just in case but donate all subs to charity and get a receipt do I have to inform HMRC? I want to keep it as simple as possible as I have absolutely no idea about tax returns and the like. We are not talking a lot of money here. Possibly 10 runners per week so £80/m. Any ideas? Thank you.

00ec25

sorry but no you cannot offset an income by claiming it is all given to charity. A private individual is deemed to give to charity out of their post tax income, not their pre tax income. Hence the need to sign a gift aid form stating that you have paid sufficient tax in order to allow the charity to recover the gift aid (or not if you haven't).

if you don't want the money then don't accept it? Let the "main club" keep it.

Tom99

So does that mean the income needs to be reported as taxable and then 80% is gift aided?