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Where Taxpayers and Advisers Meet

Honorary Payment

amitr19
Posts: 161
Joined: Wed Aug 06, 2008 4:00 pm

Honorary Payment

Postby amitr19 » Mon Mar 11, 2019 9:23 am

I know an honorary payment is taxable but what happens if the person decides to donate that payment back to the employer. In this case the employer is a charity. I was thinking that I should process this through payroll, keep the net and gift aid it. Of course I'll need a gift aid declaration from the donor, if eligible. This would help with his personal tax as well. Does that sound right?

accutalk
Posts: 13
Joined: Mon Jun 25, 2018 9:19 am

Re: Honorary Payment

Postby accutalk » Thu Mar 14, 2019 11:40 am

Sounds right thing to do. The payslip should contain the details and you may not have to pay any income tax on it


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