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Recording gift aid donations from LLP companies

Last post 09-17-2009 12:00 PM by Daithí O'Flaherty. 2 replies.
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  • 09-15-2009 5:53 AM

    Recording gift aid donations from LLP companies

    Does anyone have any experience of the best way to record a donation and the gift aid declaration from an LLP (partnership) on Raiser's Edge so that it will be picked up by the gift aid report, but will also be recorded as a donation from an organisation.

     

    Thanks.

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  • 09-15-2009 5:59 AM In reply to

    • Peter Doonican
    • Top 100 Contributor
    • User Since: 2003
    • Posts 75
    • Organization: University of the Arts London
    • Products:  The Raiser's Edge

    Re: Recording gift aid donations from LLP companies

    For Gift Aid to be claimed the donation must come from an Individual, there is no way claim gift aid from a company donation.

    Peter Doonican
    Head of Research and Information
    University of the Arts London
    www.arts.ac.uk
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  • 09-17-2009 12:00 PM In reply to

    Re: Recording gift aid donations from LLP companies

    I had occasion to research this recently.  A Partnership is not a company, it is two or more individuals who have come together to do business together.    Here is the link to HMRC website and below is the text.

    http://www.hmrc.gov.uk/charities/gift_aid/declarations.htm

    Business partnership declarations

    A donation by a business partnership is treated as being made by all the underlying partners. One partner may make a Gift Aid declaration on behalf of all the partners, provided they have the power to do so under the terms of the partnership agreement or another document that specifically allows it. In this case it will be sufficient for the declaration to show the name and address of the partnership. Otherwise, it will be necessary for each partner to make their own Gift Aid declaration. They may do so on the same declaration form, provided it lists all their names and home addresses.

    Limited Liability Partnerships (LLPs) and all partnerships in Scotland have a legal personality. This means that one partner can make a Gift Aid declaration on behalf of the partnership. The declaration must show the name and address of the partnership.

    The partners should enter their share of the donation on their own Self Assessment tax return. They should decide between themselves how the donation is split.

     

     

    Daithí O’Flaherty
    Raiser’s Edge Instructor
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