Sunday 5 April 2020 marks the end of another tax year.
Many of your donors will pay all their tax at source (for example through PAYE on employment earnings) and will not need to complete a tax return. However, your donors may need to complete a self-assessment tax return if (for example) they are self-employed, they have income not taxed at source, or they wish to reclaim higher or additional rate gift aid.
You can help these donors by providing a statement of any gifts they have made to your church or charity during the tax year 6 April 2019 - 5 April 2020. This could also give you an opportunity to thank the donor for their gifts and update them on your church or charity’s current financial situation.
If your donor doesn’t get round to making their 2019-2020 gift by 5 April 2020, it’s not too late! Your donor can make a gift on or after 6 April 2020 and ask HMRC to treat this donation as made in 2019-2020.
There is more information on gift aid carry back in our blog ‘Why your donors might benefit from gift aid carry back’ and our briefing paper Gift Aid carry back.
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Sharpen
Quarterly emails for trustees, treasurers and Church and Charity Leaders. Practical tools, technical resources and expert guidance to safeguard your mission and ministry.
Rachel Steeden
Rachel is a solicitor with 17 years’ experience advising private clients and charities. She enjoys working closely with clients and their advisers to help donors make complex gifts effectively and tax-efficiently.
She is a member of the Charity Law Association, STEP Special Interest Group for Philanthropy, Lawyers in Charities and Lawyers’ Christian Fellowship. She is also on CityWealth's prestigious Top 10 Philanthropy Advisors 2024 list.
Rachel and her husband Derek lead a Bible study group at their church in central London.
They’re passionate about Church Planting in the UK and overseas, Bible translation and The Local Church.
