Wednesday, 22 February 2012

SA Donate will close in April 2012

SA Donate is the scheme for Self Assessment taxpayers to direct HM Revenue & Customs to pay any Self Assessment tax refund to a charity of the taxpayer’s choice. They can also claim Gift Aid on the donation where appropriate.
The scheme, introduced in 2005, has not been used very much, and would need an extensive upgrade to safeguard it from fraud. As a result, at Budget 2011, the Government announced its intention to withdraw the scheme from April 2012.
This means that donors will no longer be able to send a tax refund to a charity straight from their tax return from April 2012. This option will be removed for forms for tax years 2011-12 onwards and while it will still appear on forms for earlier years these repayments will be sent to the taxpayer and not to the nominated charity.
Donors can still donate their tax refund to any charity themselves and claim Gift Aid if the qualifying conditions have been met.
0113 815 1315
15 Queens Square, Leeds, LS2 8AJ

No comments:

Post a Comment