Section 521A — Income Tax Act 2007: Gifts under payroll deduction schemes: income tax liability and exemption

Gifts under payroll deduction schemes: income tax liability and exemption 521A 1 This section applies if gifts are made to charitable trusts by individuals and the gifts are donations for the purposes of Part 12 of ITEPA 2003 (payroll giving).

2 Income tax is charged on the gifts under this section.

3 It is charged on the full amount of the gifts arising in the tax year.

4 But a gift is not taken into account in calculating total income so far as it is applied to charitable purposes only.

5 The trustees of the charitable trust are liable for any tax charged under this section.