Search Legislation

Income Tax Act 2007

Status:

This is the original version (as it was originally enacted).

Supplementary

427Meaning of “charged amount”
Explanatory NotesShow EN

(1)For the purposes of this Chapter, an individual’s charged amount is the amount calculated as follows.

(2)Calculate the amount of the individual’s modified net income for year X (see section 1025).

(3)Calculate the amount on which the individual is chargeable to capital gains tax for year X.

(4)Add together the amounts calculated under subsections (2) and (3).

The result is the individual’s charged amount for year X.

428Meaning of “gift aid declaration”
Explanatory NotesShow EN

(1)In this Chapter “gift aid declaration” means a declaration which—

(a)is given in the manner specified by regulations made by the Commissioners for Her Majesty’s Revenue and Customs, and

(b)contains any information and any statements required by the regulations.

(2)The regulations may provide for declarations—

(a)to have effect,

(b)to cease to have effect, or

(c)to be treated as never having had effect,

in any circumstances and for any purposes specified by the regulations.

(3)The regulations may—

(a)require charities to keep records with respect to declarations received from individuals, and

(b)make different provision for declarations made in a different manner.

429Giving through self-assessment return
Explanatory NotesShow EN

(1)This section applies if—

(a)as a result of a personal return for a tax year being made by an individual, a tax repayment for one or more tax years falls to be made to the individual, and

(b)conditions A and B are met.

(2)Condition A is that the personal return contains a single direction, in the form specified in the return, requiring—

(a)the whole of the tax repayment, or so much of it as does not exceed a specified amount, to be paid on the individual’s behalf as a gift to a single listed charity which is specified in the return, and

(b)the gift to be treated as a qualifying donation for the purposes of this Chapter.

(3)Condition B is that the gift meets Conditions A to G mentioned in section 416.

(4)The gift is to be treated for the purposes of this Chapter as a qualifying donation made by the individual at the time the payment is received by the charity.

(5)In this section—

  • “listed charity” means a charity which, at the time the personal return is made, is included (at the request of the charity) in a list maintained for the purposes of this section by the Commissioners for Her Majesty’s Revenue and Customs,

  • “personal return” means a return under section 8 of TMA 1970,

  • “tax repayment” means a repayment (after any set-off that falls to be made against the individual’s liabilities) of either or both of—

    (a)

    income tax or amounts paid on account of income tax, and

    (b)

    capital gains tax,

    and, for the purposes of subsection (2)(a), includes any repayment supplement (within the meaning of section 824 of ICTA or section 283 of TCGA 1992).

430“Charity” to include exempt bodies
Explanatory NotesShow EN

(1)In this Chapter “charity” includes—

(a)the Trustees of the National Heritage Memorial Fund,

(b)the Historic Buildings and Monuments Commission for England,

(c)the National Endowment for Science, Technology and the Arts, and

(d)a club that is registered as a community amateur sports club for the purposes of Schedule 18 to FA 2002.

(2)For the purposes of the application of section 414(1) in relation to clubs that are charities as a result of subsection (1)(d) of this section, membership fees are not gifts.

Back to top

Options/Help

Print Options

You have chosen to open The Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act as a PDF

The Whole Act you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open The Whole Act without Schedules

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act without Schedules as a PDF

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open the Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open the Whole Act without Schedules

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open Schedules only

The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

See additional information alongside the content

Show Explanatory Notes for Sections: Displays relevant parts of the explanatory notes interweaved within the legislation content.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enactedversion that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources