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Gift Aid allows individuals who are subject to UK income tax to complete a simple, short declaration that they are a UK taxpayer. Any cash donations that the taxpayer makes to the charity after making a declaration are treated as being made after deduction of income tax at the basic rate (20% in 2011), and the charity can reclaim the basic rate income tax paid on the gift from HMRC.
His Majesty's Revenue and Customs (commonly HM Revenue and Customs, or HMRC) [4] [5] is a non-ministerial department of the UK government responsible for the collection of taxes, the payment of some forms of state support, the administration of other regulatory regimes including the national minimum wage and the issuance of national insurance numbers.
Following reports [6] [7] of conflict between HMRC and the Government Digital Service (GDS), HMRC has been developing its own service which allows users to sign in using an existing Government Gateway user ID. [5] HMRC will begin migration from the Government Gateway to the One Login For Government, a new system being developed by GDS, during 2023.
Community portal; Recent changes; Upload file ... fraudulently claiming Gift Aid, it has been revealed. HMRC said it has ... 13054/fraudulent_gift_aid_claims_from ...
NICs are payable by employees, employers and the self-employed and in the 2010–2011 tax year £96.5 billion was raised, 21.5 per cent of the total collected by HMRC. [ 69 ] Employees and employers pay contributions according to a complex classification based on employment type and income.
It officially replaced Directgov and the online services of Business Link on 17 October 2012. As of January 2023, GOV.UK is the second-most-used government website worldwide, after Russia's Gosuslugi. [3] [4]
On 6 April 2011, BT Group launched the first online not-for-profit fundraising service for UK charities called BT MyDonate as part of its investment to the community. The service would pass on 100% of all donations made through the site to the charity, and unlike other services which took a proportion as commission and charged charities for using their services, BT would only pass on credit ...
In economics, a gift tax is the tax on money or property that one living person or corporate entity gives to another. [1] A gift tax is a type of transfer tax that is imposed when someone gives something of value to someone else. The transfer must be gratuitous or the receiving party must pay a lesser amount than the item's full value to be ...