Eligibility - income (calculation): Income calculation - general deductions (Info)
When calculating income for tax credits purposes deduct
- the amount of any banking charge or commission payable for the cost of exchanging foreign currency (income that is made in a currency other than sterling)
- the gross amount of any qualifying donation (Gift Aid) made by either customer as approved under Chapter 2 of Part 8 of ITA (Gift Aid)
- the amount of any contribution made by either customer to a registered pension scheme together with the amount of any tax relief due on those contributions.