Quote:
Originally Posted by harwood red
it says to tick the box if you want to gift aid your money that you have sponsored..this costs you no extra but for every £1 you have sponsored the charity can claim another 33p (may have changed recently) from the government as long as you are a tax payer...however, many tick this box but don't give their full address with post code. If you don't give this then the gift aid cannot be collected as you cannot be proven as a tax payer!!  |
Great point from HR. It's 27p for every pound but still well worth claiming. The chancellor's just protected it it for a year or two to offset the reduction in the basic rate of tax from 22% to 20%.