Finance Act 2008

Payment of gift aid supplement

1 (1) A charity is entitled to be paid an amount by the Commissioners (referred to in this Schedule as a payment of “gift aid supplement”) if the following conditions are met.

(2) Condition A is that a gift aid donation is made to the charity in a transitional tax year.

(3) Condition B is that the charity makes a claim for the donation to be exempt from tax by virtue of—

(a) section 505(1)(c)(ii) of ICTA (charitable companies),

(b) section 521(4) of ITA 2007 (charitable trusts), or

(c) paragraph 5(1)(c) of Schedule 18 to FA 2002 (community amateur sports clubs).

(4) Condition C is that the claim is made within the period of two years beginning immediately after the end of—

(a) the accounting period to which the claim relates (in a case falling within sub-paragraph (3)(a) or (c)), or

(b) the tax year to which the claim relates (in a case falling within sub-paragraph (3)(b)).

(5) Condition D is that the claim is allowed.