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PAYE tax refunds and arrears22/05/2013 - More...
Annual reconciliations of PAYE for the tax year 2012/13 are being issued to some taxpayers using the P800 form. The form shows HMRC’s tax calculations in respect of the tax year
Tribunal - VAT on helicopters
22/05/2013 - More...
The VAT rules, which allowed for full VAT recovery on the purchase of certain business assets used for both business and private or non-business, changed on 1 January 2011. Prior
Offshore tax evasion
22/05/2013 - More...
UK tax authorities have recently announced that they have been working with the United States and Australian tax administrations (the IRS and ATO) to investigate over 400 gigabytes
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Gift aid for charity shops
Source: HM Revenue & Customs | | 22/05/2013New rules became effective from April 2013 which removed the administrative burden for charities claiming gift aid on the proceeds of donors' goods sold by charity shops. Prior to April 2013 charities had to write to each donor for confirmation that the donor is a UK taxpayer before being able to claim gift aid.
The new rules allow donors to make a one-off gift aid declaration that covers donations of up to £100 (for goods sold by a charity operating the shop directly), or up to £1,000 (for goods sold by a trading subsidiary of the charity) future sale proceeds, in a tax year. The charity will only be require to write to a donor if the sale proceeds exceed the stated amounts.
New detailed guidance on claiming gift aid under these circumstances has recently been published by HMRC.
