HighStreetTaxQuestions
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RE: Self Assessment Tax Return for Gift Aid Goods Sold in Charity Shops
Hello HMRC Admin 25, Thank you for responding to my queries. I have read the material that you suggested on the HMRC web site and the reason I asked this question was because the HMRC guidance material did not answer my question, so let me try and ask the question again. If I donate goods to a charity and they sell those goods to make money for the charity and claim gift aid on that amount, then as a higher rate tax payer can I include the amount they sold the items for (net of commission and VAT) on my Self Assessment tax return? Thank you. -
RE: Self Assessment Tax Return for Gift Aid Goods Sold in Charity Shops
Thank you for the reply. If you don’t mind I would just to clarify your answer in simple terms:- 1. I donated goods to a charity shop and signed a gift aid form. 2. The charity shop sold these good and claimed gift aid against the money they received. 3. The charity shop advised me that they sold the items I donated for £xxx (net of commission and VAT) which will allow the charity to reclaim Gift Aid of £yyy. 4. I can include £xxx on my Self Assessment tax return. Have I understood the situation correctly? Thank you for your time and patience, -
Self Assessment Tax Return for Gift Aid Goods Sold in Charity Shops
I have signed-up for gift aid with a charity shop and they have written to me advising me that they have sold some of the goods I donated and the charity will be claiming Gift Aid. Do I include the sum being claimed by the charity on my self assessment tax return?