Gift Aid on donated items

gozaimasu

00ec25 is a t w a t. didums.

molerat

The charity will (should !) be able to supply you with a list of the items sold. A FT article https://www.ft.com/content/ced72b14-43fa-11df-9235-00144feab49a

PasturesNew

We gave a lot of stuff to a hospice shop and somebody with us gave their details for gift aid - and they received an itemised list of selling prices of everything and the figures worked out .... they didn't claim any tax back - probably didn't know they could and/or it's not relevant as they're retired.

00ec25

PasturesNew wrote: »

d and/or it's not relevant as they're retired.

then i seriously hope you mean they are not higher rate taxpayers, rather than they do not pay tax, because they are retired...

if a non taxpayer registers a donation as gift aid but has not paid enough tax to cover the amount claimed by the charity when it submits its GA claim, then the donor will be presented with a bill by HMRC and have to pay the tax to HMRC that HMRC "refunded" to the charity

sheramber

The Gift Aid claim is based on what the products sell for.

https://www.gov.uk/government/publications/charities-detailed-guidance-notes/chapter-3-gift-aid#chapter-342-claiming-gift-aid-when-goods-are-sold-by-and-the-proceeds-gifted-to-charities

3.42 onwards

00ec25

for donations of physical goods rather than cash then you cannot claim a higher rate GA refund unless the goods were sold under the Gift Aid retail Scheme, which means you will have a list notification of at least the told your items sold for. Without such a toal you cannot claim GA on your donations since how else would it work if you think about it

read: "Selling donated goods on behalf of individuals"

https://www.gov.uk/guidance/gift-aid-what-donations-charities-and-cascs-can-claim-on

00ec25

gozaimasu wrote: »

So...if the items donated sit in the charity shop for a year, you'd have to wait a year to claim it from HMRC?
correct

The whole thing doesn't really sound very simple. They should make the gift aid process much easier to encourage people to give to charity. I have never gift aided any donations I've ever made because I don't like giving out my personal details. then why complain. I don't like the idea that my tax could end up in the pockets of unknown donors because they refuse to say who they are
The gift aid number is good idea, but I bet that the charity still has to give HMRC your name etc. correct. The donor must be identifiable so that HMRC can ensure the donor has paid enough tax to actually cover the GA refund made to the charityI suppose it's too much hassle for me to bother. didums

gozaimasu wrote: »

If the items don't sell for a year, you might have moved house and then the charity can't send you a list once things have sold.

quite right, that is a risk you take when you donate.

remember, we are talking about HIGHER RATE tax payer donors here, not basic rate taxpayers. Only for the higher rate taxpayer is a personal claim relevant, and if such people cannot be bothered with the admin then fine, it affects no one but themselves, and if they decide not to bother then fine the tax remains where it was paid in the first place, with the Govt as part of the tax you paid.
The charity does not get more tax refund, it "only" gets 25% no matter whether your are a basic, higher or additional rate taxpayer.