fund raising
Melanie
Registered Posts: 2 New contributor 🐸
My nephew was seriously injured abroad with no insurance, the family have sent over their savings but the costs are mounting up fast. The local TV, radio and press have covered the story and donations are coming in so we have set up a bank account and website with paypal if people want to donate.
Does anyone know the tax implications (personal or other) of accepting these donations (ranging from £2-£200 each).
No one wants to get an unexpected tax bill for helping someone in need.
Many thanks
Does anyone know the tax implications (personal or other) of accepting these donations (ranging from £2-£200 each).
No one wants to get an unexpected tax bill for helping someone in need.
Many thanks
0
Comments
-
Would these not come under the guise of gifts and therefore have no liability to tax?0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 319 NEW! Qualifications 2022
- 157 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 92 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 274 Tax
- 136 Bookkeeping
- 7.2K General accounting discussion
- 201 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership