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Giving - Frequently Asked Questions |
I am a higher rate taxpayer. Can my chosen charity reclaim the higher rate tax I pay?
No. We can only reclaim tax on your gift at the basic rate.
If you are a higher rate taxpayer, YOU claim the difference between the higher rate at tax at 40% and the basic rate of tax (22%) in your Self Assessment Tax Return, effectively making your donation cost less.
The Chancellor has given this relief to encourage higher-rate taxpayers to give more to charity!
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