PART 1Direct taxes
Miscellaneous reliefs
40Gift aid etc: restrictions on associated benefits
1
In section 418 of ITA 2007 (gifts to charities by individuals: restrictions on associated benefits) in subsection (2) (the variable limit) for paragraphs (a) to (c) substitute—
a
in a case where the amount of the gift is £100 or less, 25% of that amount, and
b
in a case where the amount of the gift exceeds £100, the sum of £25 and 5% of the amount of the excess.
2
The amendment made by subsection (1) has effect in relation to gifts made on or after 6 April 2019.
3
In section 197 of CTA 2010 (payments to charities by companies: restrictions on associated benefits) in subsection (2) (the variable limit) for paragraphs (a) to (c) substitute—
a
in a case where the amount of the payment is £100 or less, 25% of that amount, and
b
in a case where the amount of the payment exceeds £100, the sum of £25 and 5% of the amount of the excess.
4
The amendment made by subsection (3) has effect in relation to payments made on or after 6 April 2019.