Glasgow Mag 0 Posted January 23, 2008 Share Posted January 23, 2008 Quick question. I see a lot of sponsor forms - e.g. "I'll walk the wall of China" or "I'll climb mountains in Nepal" for charity. If I decide to sponsor for £5, should I tick the box for Gift Aid and give my address, so that they can make 28p extra for every pound? Is it worth it, do I lose out in any way? Thought Gemmill should be able to help. Or Peasepud. Cheers. Link to comment Share on other sites More sharing options...
rikko 20 Posted January 23, 2008 Share Posted January 23, 2008 No, you don't lose out at all. Provided you pay tax, the government pays the 28p in £, which is the tax you have paid when you earned the money. Link to comment Share on other sites More sharing options...
JawD 99 Posted January 23, 2008 Share Posted January 23, 2008 Tick the box Link to comment Share on other sites More sharing options...
peasepud 59 Posted January 24, 2008 Share Posted January 24, 2008 Yep, youve got nothing to lose, I think the logic is, you've earned that money but paid tax on it therefore we at Her Majestys Revenue would like to return the tax you paid on that money. Link to comment Share on other sites More sharing options...
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