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

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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 Colin Hamilton - Corporate Services Director/ Audit Responsible Individual on 17 Jan 2023

Charities

About the author

Colin Hamilton - Corporate Services Director/ Audit Responsible Individual

Colin is a Director at Ward Williams who has more than 25 years of practical experience and qualified with the Association of Chartered Certified Accountants in 2001.

He has a diverse portfolio ranging from small owner managed businesses to larger companies requiring audit together with a number of specialist clients such as charities, pension schemes, acadamies and solicitors. Colin provides a range of accounting, tax and audit services to these clients.

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