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Why is it being grossed?

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Why is it being grossed?

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by AvatarTax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • July 15, 2018 at 7:53 pm #462556
    AvatarWitheringFlower
    Member
    • Topics: 14
    • Replies: 6
    • ☆

    Hi,
    I was doing MCQs and I came across a question where an annual charitable donation was paid under the gift aid scheme. I know it may sound stupid but my question is why would the donation be grossed? When paying for the donation, wouldn’t the tax have been paid along with it?
    Waiting for your reply,
    Thanks.

    July 22, 2018 at 9:41 pm #464274
    AvatarTax Tutor
    Member
    • Topics: 2
    • Replies: 3960
    • ☆☆☆☆☆

    Have you watched the lecture covering gift aid payments as yet?

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