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The gift aid scheme allows tax relief to be claimed on single lump sums to charities. There is no minimum payment. Up to 5/4/2000 the minimum donation (net of tax) was £250. (Millennium gift aid donations of just £100 (net of tax) could be made between 31 July 1998 and 21 December 2000.)
From 6/4/2000 onwards all charitable giving has been brought into the gift aid scheme.
Name or description - enter the name of the recipient.
Date of payment - enter the date the payment was made- up till 31st of January following.
Payment made net - enter the amount actually paid by the client.
For year ending 5th of April - for 2004 and later years it is possible to carry payments back to the preceding year. From 2003 it is also possible for a payment made after the end of the tax year to be treated as being made in the year. To qualify the payment must be made before the return is submitted and no later that 31st January following the end of the tax year. In IRIS, enter the date of the payment falling after the end of the tax year.
Gifted to UK charity or Gifted to a non-UK charity - by default the UK charity option will be selected, this should ne changed to non-UK charity if the donation was made to a charity outside the UK.
This will not affect the calculation, just the box populated on the Tax Return.
Same payment made next year - if this box is selected the amount will be excluded from the total of one off payments, the record will also be brought forward to the following year.
Data is not rolled forward unless there is a tick in the "same payment..." field. The amount is rolled forward in these cases. This feature is available from 2001 onwards. In earlier years recurring payments were assumed to be under a deed of covenant.
