| 释义 |
gift aid
A system enabling money donated to a charity by an individual or a company to be treated as if it were a net sum from which tax at basic rate had been deducted. Thus, the charity can reclaim the deemed basic rate credit. If the taxpayer is subject to tax at higher rate, relief at that higher rate can be obtained by the taxpayer bringing the charitable donation into his self-assessment for the tax year in which the donation is made. The taxpayer must make a gift aid declaration to the charity. This declaration can, unusually in tax matters, be made retrospectively and specify that all donations made on or after 6 April 2000 shall be treated by the charity as having been made under gift aid. There are equivalent tax-effective arrangements whereby relief is obtained on the gift of land, stocks and shares, or plant and machinery. Tax relief is not available where the gift is a “tainted donation” (essentially one from which the donor or a connected person derives some advantage: Finance Act 2011 sch 3). |