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Dear Sir,
I found different way of applications for Gift aid donations.
1. sometimes we deduct the Gift aid donation from total Income also we extend the tax limit by the gross gift aid donation.
2. only we extend the limit.So, please explain how do i differentiate when a tax payer made a gift aid donation?
Regards,
Hirut
1. We NEVER deduct gift aid payments from Total Income on the face of the Income Tax computation!
However in a separate working to derive Adjusted Net Income (ANI) – needed to determine any reduction in the personal allowance if ANI exceeds relevant income limit – the gift aid payments (gross) will there be deducted.
2. We ALWAYS extend the basic rate and higher rate band limits by the gross amount of the gift aid payment
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