aotax1
Joined: 12/27/2024
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RE: Calculating Gift Aid deductions to Adjust Net Income
Apologies, just a little confused. When I look at the example given on the HMRC website under "High Income Child Benefit Charge" - https://www.gov.uk/guidance/adjusted-net-income; it would seem to imply that the whole value grossed up should be deducted from he adjusted net income. i.e. example shows a gift aid £1,000 and Clara taking £1,250 off her net income. Any advise on if this is accurate?