Do I understand this correctly?
Say I give 100euro to a charity - do I have 3 options?
1. pay 100 euro and claim tax relief at my highest rate - net cost to me 58 euro + extra tax as a taxpayer
2. pay 100 euro and allow the charity to claim on my behalf - cost to me 100 euro + extra tax as a taxpayer
3. pay 100 euro and no one cliams tax relief - cost to me 100 loss and no loss to state tax take
I guess what's at the back of this is that I'm not convinced that tax relief on charitable donations makes sense for the taxpayer. Based I suppose on a sense that many charities do not make best use of the funds received.
Say I give 100euro to a charity - do I have 3 options?
1. pay 100 euro and claim tax relief at my highest rate - net cost to me 58 euro + extra tax as a taxpayer
2. pay 100 euro and allow the charity to claim on my behalf - cost to me 100 euro + extra tax as a taxpayer
3. pay 100 euro and no one cliams tax relief - cost to me 100 loss and no loss to state tax take
I guess what's at the back of this is that I'm not convinced that tax relief on charitable donations makes sense for the taxpayer. Based I suppose on a sense that many charities do not make best use of the funds received.