A charity that rescues and houses Labradors is struggling to pay a tax bill after the Inland Revenue said it could no longer claim gift aid on donations.
The Labrador Lifeline Trust could no longer claim the aid back on donations made when the dogs were re-homed, as the deal had to be treated as a ‘sale’ or ‘service’.
‘We have been dealt a devastating blow,’ said chairman Anne Carter to The Telegraph.
The Revenue had previously returned money to the charity on gift aid claims, but following an audit inspection, it has been told it can longer make the claim, and must pay back £11,300 in the next 28 days.
Taxman lines up early exit from doomed Concentrix tax credits deal, as HMRC faces intense scrutiny from MPs
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more