Does fundraising for a good cause abroad affect my tax return?

Hi, I am planning a fundraiser via Gofundme to help victims of the recent floods in Europe, however Gofundme does not support accounts from the country I want to help, and so I would have to provide a UK account, which would be mine but a separate one, set up at the bank just for this cause. After the fundraiser is closed, all the money received would be transferred to those in need. I would like to ask if this would in any way impact my tax return as it's not an income but donations that are meant for recipients abroad? Thanks!

Could you please respond? Thank you

Hi,
The money you receive would not be liable for tax, and as such would not need to be declared on your tax return, as long as it is transferred to those you stated that you had raised it for. You may wish to note on your return, in 'any other information', the amount raised, and who you intend to transfer it to.
Thank you.

Hi HMRC Admin, I have a further question on the same topic. In a situation otherwise the same as the original poster's, would it matter what means were used to transfer the money to its intended recipient(s)? Specifically, if cryptocurrency were used instead of e.g. a traditional bank transfer, would the money still be considered not liable for tax? Thanks.

Hi F,
Cryptocurrency is considered an asset and its transfer could result in Capital Gains tax liability.
Thank you.