web
You’re offline. This is a read only version of the page.
close
Skip to main content

This is a new service – your feedback will help us to improve it.



Posted Tue, 08 Apr 2025 10:57:06 GMT by kevin mcbride
I want to calculate if I have enough income tax liability to get full relief for EIS. Calculating income tax is easy enough but I wonder if I am supposed to subtract 25% of my Gift aid payments from the final figure, as this amount is presumably removed from my tax payments?
Posted Tue, 15 Apr 2025 08:55:15 GMT by HMRC Admin 17 Response

Hi ,
 
The amount of gift aid declared, increases the basic rate band, to give higher rate and additional rate tax relief,
where tax is otherwise payable at these higher rates. 

EIS relief is 30% of your investment and is deducted from the tax payable.

Thank you .

You must be signed in to post in this forum.