SCHEDULES
SCHEDULE 8Charities: miscellaneous amendments
Gift aid administration: charitable trusts
4
1
Section 42 of TMA 1970 (procedure for making claims etc) is amended as follows.
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3
After subsection (3) insert—
3ZA
Subsection (2) above shall not apply in relation to any claim by the trustees of a charitable trust for an amount to be exempt from tax by virtue of section 521(4) of ITA 2007 (gifts entitling donor to gift aid relief: charitable trusts).
5
1
ITA 2007 is amended as follows.
2
In section 518(4)
(overview of Part 10), for “section 538” substitute “
sections 538 and 538A
”
.
3
After section 538 insert—
538AClaims in relation to gift aid relief
1
This section applies to claims for amounts to be exempt from tax by virtue of section 521(4) (gifts entitling donor to gift aid relief: charitable trusts).
2
A claim to which this section applies may be made—
a
to an officer of Revenue and Customs, or
b
by being included in a return under section 8A of TMA 1970 (trustee's self-assessment return).
3
In this section—
“free-standing claim” means a claim made as mentioned in subsection (2)(a), and
“tax return claim” means a claim made as mentioned in subsection (2)(b).
4
The Commissioners for Her Majesty's Revenue and Customs may by regulations make provision—
a
limiting the number of free-standing claims that may be made by a person in a tax year, or
b
requiring a claim for an amount below an amount specified in the regulations to be made as a tax return claim.
5
The regulations may make different provision for different cases or purposes.