Gift Aid Payments

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:09AM in AAT student discussion
Hello<BR>I am getting very confused with how you treat gift aid payments for a Ltd company. Do you add them back to the net profit as they are disallowable or do you minus them from the PCTCT.<BR>Both examples have been used in my textbook and I cant tell the difference.<BR><BR>Good luck everyone

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Gift Aid Payments

    I think you add them back when calculating Sch D I and deduct them as Charges on Income further down the computation.<BR><BR>Yes?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Gift Aid Payments

    Yep, that's it!<BR><BR>You add back gift aid when calculating Schedule D case 1 profits, then deduct when calculating PCTCT.<BR><BR>I hope that's clear!<BR><BR>Good Luck!<BR><BR>H

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