SLATERS CHARTERED ACCOUNTANTS

162A London Road
Chesterton
Newcastle Under Lyme
Staffordshire,ST5 7JB
Tel: 01782 566101 Fax: 01782 566090

Gift Aid

Income Tax Allowances 2006/07 (£) 2007/08 (£)
Personal Allowance    
Personal allowance for people aged 65-74    
Personal allowance for people aged 75 and over    
Income limit for age-related allowances    
Married couple's allowance for people born before 6 April 1935    
Married couple's allowance - aged 75 or more    
Minimum amount of married couple's allowance    
Blind person's allowance    

Gift Aid

To encourage additional Gift Aid donations, the scope of the exemption which allows for the right of free admission to donors to be disregarded as a benefit will be expanded to allow more types of charities to benefit. In addition, the exemption will be amended, so Gift Aid will apply where a donation is at least 10% more than the normal admission charge or where a donation results in the unlimited right of admission for a period of not less than 12 months.

These changes will be introduced in April 2006 to allow time for charities to make any necessary changes.

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