Craft forums - Part of the Crafts Directory



Page 1 of 2 12 LastLast
Results 1 to 10 of 13
  1. #1
    AnnieAnna is offline Senior Member Super mega big crafter
    Join Date
    Nov 2008
    Location
    Horsham
    Posts
    4,632
    Rep Power
    1240

    Default The consequences of being charitable

    Please note these ads will not show for registered crafts forum members.
    Click here to register...




    When I was filling in my tax return there was a box saying have you given any money to charity?
    I've always said no because I'm thinking it's the private me that gives to charity not the business me.....but.....
    it occurred to me that in this past month the business me has done 3 charity type givings.
    So my questions are...

    why is the tax man asking? What happens if you say yes?
    I've assumed it's something to do with giving the charity the gift aided tax back thingy, but are they going to ask how much I've given and to whom as it's a bit complicated....because this is what I did:

    1. I donated things as a raffle prize at a craft fair. In my head I've always thought that this was part payment for a table space but the raffle money always goes to charity so may be I should be thinking of my donation as a gift to a charity?

    2. My DIL is fundraising for an embrionic RSPCA in Chile. (It's http://animalizateuk.weebly.com/who-...imalizate.html if anyone's interested) and I'm running a mini dog themed tombola alongside my Little Chile stall. I was just going to chuck the money raised over to her. Should I be accounting for it properly and be sticking it on my tax return?

    3. Someone on this forum just asked for a bit of help with her charity fundraising thing and I've just knocked her up somethings to sell from my business crafting bits. In my head I'm going what the heck I'm using up little bits that are lying around....but should I be thinking I've used up business stuff to make these, I should put a price on it and account for it as a business charity giving thing?

  2. #2
    Join Date
    Aug 2009
    Location
    Lowestoft, Suffolk
    Posts
    2,353
    Rep Power
    474

    Default

    I think you do get tax relief on charitable donations. Once I ticked "Yes", only to be confronted with a box wanting the charity's registration number etc etc, and all the ins and outs of a cat's ****hole! So I didn't bother, as I hadn't bothered to ask for their number when I donated.

  3. #3
    Caroleecrafts's Avatar
    Caroleecrafts is offline Senior Member Try and catch up with this one.. What a crafter!!!
    craftjuice items
    Join Date
    May 2008
    Location
    Lindford, Hampshire
    Posts
    5,932
    Rep Power
    1578

    Default

    Tbh Anne if you are not big business or donating large expensive products I would leave blank. It gives you the tax relief on the items donated but you do have to have the paperwork in place from the charity. Something to think about for the future even if you do not donate etc.

  4. #4
    AnnieAnna is offline Senior Member Super mega big crafter
    Join Date
    Nov 2008
    Location
    Horsham
    Posts
    4,632
    Rep Power
    1240

    Default

    That's what I was thinking. A load more work. As my DH says - how long would it take to do and it would be a better use of your time if you earned money in that time and wrote the cost of the volutary thing off. But he says I'd earn more stacking shelves in Tescos and during the emotion of getting married I fluffed my lines and missed out the obey thing so i tend not to do anything he says.......

  5. #5
    Caroleecrafts's Avatar
    Caroleecrafts is offline Senior Member Try and catch up with this one.. What a crafter!!!
    craftjuice items
    Join Date
    May 2008
    Location
    Lindford, Hampshire
    Posts
    5,932
    Rep Power
    1578

    Default

    Whats obey? think I must have missed this as well or perhaps I had selective hearing and did not hear the priest say it, lol, don't think they say anymore

  6. #6
    AnnieAnna is offline Senior Member Super mega big crafter
    Join Date
    Nov 2008
    Location
    Horsham
    Posts
    4,632
    Rep Power
    1240

    Default

    I know! They make up their own marriage vows nowadays. Shock horror! There were rules about these things in the old days.
    Now what were we talking about? Oh yes. Not following rules

  7. #7
    MornieG Jewellery's Avatar
    MornieG Jewellery is online now Senior Member Super mega big crafter
    Join Date
    Feb 2010
    Location
    Bromham, Wiltshire.
    Posts
    4,775
    Rep Power
    761

    Default

    Tax relief is only on donations for registered charities. Thats why so many larger companies have charitable foundations, it's a legal tax **** but somethimes they also do a lot of good as well.

    OBEY not in my vocabulary either, not the first time, or any other time that may come along in the future LOL I would much rather hear something written personally from the heart of one person to the heart of another not some ancient waffle geared to the social standards of years gone by. Ouuuups off soap box now !!!!

    Mo.XX
    Mo. MornieG Jewellery.
    Being deeply loved by someone gives you strength, while loving someone deeply gives you courage..Lao Tzu.
    www.wowthankyou.co.uk/woodngems
    https://twitter.com/#!/AuntieMornie

  8. #8
    AnnieAnna is offline Senior Member Super mega big crafter
    Join Date
    Nov 2008
    Location
    Horsham
    Posts
    4,632
    Rep Power
    1240

    Default

    Well that scuppers my donations to Animaizate then. The English branch is too small at the moment to need to register.
    Thanks Mo. Much obliged for the info.

  9. #9
    Christa is offline Senior Member Mega Crafter
    Join Date
    Aug 2010
    Location
    London
    Posts
    2,127
    Rep Power
    355

    Default

    I donate a certain amount of product and a percentage of profit from sales to a charity but from the outset I signed a contract with the charity. This was a really simple thing to do (they provided the document which outlines my relationship with the charity and the agreed donation basis) and protects all concerned and keeps all the official peeps happy too. Nothing scary at all.

  10. #10
    Join Date
    Apr 2008
    Location
    Guildford, Surrey
    Posts
    2,154
    Rep Power
    289

    Default

    Hi there, can't help with any info for this thread but want to say a HUGE thank you for helping the dogs and strays in Chile. It's as bad as Spain where the govnt won't help with the huge problem they have regarding dogs and cats. When my mum lived over there a vet used to spay cats and dogs very cheaply to help but then got fined for doing that, it makes no sense. The dog whisperer has made a programme or series in Spanish to show them what is going on there. Thanks again Anne x




Page 1 of 2 12 LastLast

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •