Sole trader - Charity donations Flashcards
1
Q
How is gift aid charity donation relief given?
A
Gross it up and extend bands
2
Q
How is give as you earn charity donation relief given?
A
Don’t gross it up, deduct from salary, don’t extend bands
3
Q
How is Quoted shares to charity donation relief given?
A
MV deducted from total income BEFORE personal allowance. Do not deduct, do not extend bands