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John Woolley’s article Pinpoint the time reminds us of the different approaches regarding payment in Owen v CIR and HMRC’s Registered Pension Schemes Manual at 5300080. This could be relevant to gift aid.
If a cheque arrives at a charity’s office on 5 April 2009 and is banked that day but does not clear the payer’s account until 8 April 2009 what is the effective date of payment for tax purposes? This probably would not matter for the charity except in the year transitional relief ceased.
But what is the position for the donor where payment may affect age allowance and higher rate tax calculations? Without recourse to the charity itself the only evidence of payment would be the date on his bank statement which unfortunately is 8 April.
The position could be more serious if a taxpayer were to die early enough in...
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