HMRC Updates

HMRC updated its guidance on Gift Aid declarations on 24th February 2012 - Our guide to the new guidelines can be found on the following link:

Update to Gift Aid declarations 24/02/2012

Budget 2011

Following George Osborne’s Budget announcements on Wednesday 23rd March 2011, details can be found on the following link highlighting the key issues announced by the Chancellor affecting charities and donors:

 http://www.hmrc.gov.uk/budget2011/charities-main-announcements.pdf

The key issues announced in this year's Budget are:

Gift Aid Reforms, measures to assist charities to improve take up

Substantial donor rules reviewed

Inheritance tax change to encourage legacies to charities

Self Assessment donations scheme to be withdrawn - Please see the following information from the HMRC website:

SA Donor Scheme withdrawal - HMRC