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Tax on Gift Aid
No1divegirl
Posts: 1 Newbie
in Cutting tax
Reviewing my (unsubmitted) self assessment there is a line (that I have not seen before) of
Tax due on Gift Aid Payments; £4,063.00 x 20% £812.00
Where does the Gov get the figure of £4,063 from? I haven't donated that amount this tax year.
Whatever the amount why has my tax due increased by £812. Surely my charity donations should reduce my tax due
I have paid more income tax than £4063 this year - so that's not the issue.
Is there anywhere I can check my charity donation amount?
Tax due on Gift Aid Payments; £4,063.00 x 20% £812.00
Where does the Gov get the figure of £4,063 from? I haven't donated that amount this tax year.
Whatever the amount why has my tax due increased by £812. Surely my charity donations should reduce my tax due
I have paid more income tax than £4063 this year - so that's not the issue.
Is there anywhere I can check my charity donation amount?
0
Comments
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What gift aid did you declare? They'd have grossed up the amount, so implies £3250 in gift aid donations.No1divegirl wrote: »Reviewing my (unsubmitted) self assessment there is a line (that I have not seen before) of
Tax due on Gift Aid Payments; £4,063.00 x 20% £812.00
Where does the Gov get the figure of £4,063 from? I haven't donated that amount this tax year.
It's SA, so you need to work it out and declare it!Whatever the amount why has my tax due increased by £812. Surely my charity donations should reduce my tax due
I have paid more income tax than £4063 this year - so that's not the issue.
Is there anywhere I can check my charity donation amount?0 -
What happened last year with respect to charitable giving and tax due?0
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Did you declare the tax you paid on the SA form? If you didn’t then the calc assumes you paid no tax.0
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