GIFT AID Flashcards
(2 cards)
1
Q
formula for net to gross
A
gross = net / 0.8
2
Q
effect on allowances (PA and MA)
gift aid
A
deduct gross gift from income to arrive at net income -> then restrict PA or MCA
formula for net to gross
gross = net / 0.8
effect on allowances (PA and MA)
gift aid
deduct gross gift from income to arrive at net income -> then restrict PA or MCA
CTA - Taxation of Individuals (56 decks)