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  • RE: Calculating Gift Aid deductions to Adjust Net Income

    To piggy-back on this questions. Is it also possible to deduct charity contributions made from following years when calculating adjusted net income, in a similar way to when carrying out a self assessment tax return? So an adjusted net income for 2022-2023 you can deduct any charity contributions from 2022-2023 and 2023 to 2024?
  • Adjusted net income - Charity Gift Aid Contributions

    For your adjusted net income calculations, you can deduct charity gift aid contributions from your total taxable income. So say for 2022-2023, do they allow you take take into account charity contributions from this year (2023-2024) into that calculation in a similar way they do for when doing your self-assessment for the tax year 2022-2023. I wasn't sure if it was effectively the same thing or not. I am slightly over the £100K threshold for 2022-2023 and looking to bring this down by making a charity contribution this tax year, but wasn't sure if that counted towards your adjusted net income. Apologies if there is another thread on this.