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MIKE TRUMAN finds the gift aid rules on donor benefits more problematic than he thought
KEY POINTS
- Benefits do not have to come from charity to be relevant ITA 2007 s 417.
- Discount offered by a third party may cause contribution to be ineligible.
- HMRC say you can average over membership to get valuation.
- Guidance could be clarified should legislation be simplified?
I am an angel. Before my colleagues and other acquaintances beg to differ I should explain.
Every year for the past decade or so I’ve spent four days over the August bank holiday at the frequently muddy Cheltenham Racecourse. I go there for Greenbelt a music arts and discussion festival that attracts around 20 000 people.
Like a lot of the regulars I not only buy a ticket each year but I also make a monthly voluntary donation. Because Greenbelt’s...
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