Charity News: Gift Aid and naming of buildings

It has been confirmed by HMRC that the naming of a building after a donor who had given a substantial amount to the charity does not count as a donor benefit that would restrict a charity’s ability to claim Gift Aid on the donation. For this treatment to apply the naming must not act as an advertisement or sponsorship for a business. HMRC’s guidance on Gift Aid has been updated to reflect this confirmation.

Guidance: Chapter 3.19 Things that are not a benefit

Our full Charity Newsletter can be found here.

For more information on our charity services please visit our website or contact Frank Harling on 01932 830664 or charities@wardwilliams.co.uk

Posted by Frank Harling - Chartered Certified Accountant/Audit Responsible Individual on 17 Jan 2023

Charities

About the author

Frank Harling - Chartered Certified Accountant/Audit Responsible Individual

Frank manages a portfolio of both audit and non-audit clients in a range of different sectors and industries, as well as assisting with the running of the corporate services department. He has extensive experience of providing Audit, Accounts preparation, Corporation Tax, VAT, CIS and Payroll. Frank also holds a solid experience with regards accounting and audit in a number of specialist areas, including charities, solicitors and pension schemes.

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