Question for those in the know - UK Charitable donations and income tax
When making donations I tick the 'Gift Aid' box, if available, so the charity benefits financially. Also, when the completing HMRC self assessment I fill in the charity donations box so I benefit from a lower tax bill. Am I doing this right, should it be only one or the other, I've often wondered?
If it is a win win for me and the charities what about the fact that we have also registered for Gift Aid with the local Hospice shop where we donate goods and they have now started sending an annual update of money raised from our donated items. Do I add that value to my tax return charity donation box?